https://www.taxtmi.com/caselaws?id=343738 The Tribunal allowed the appeals filed by both the Revenue and the assessee for statistical purposes, setting aside the orders related to bogus purchases, unexplained cash deposits, and penalties. The matter was remitted back for fresh consideration to ascertain the consumption, stock sale, and purchase correlation, emphasizing the need for concrete evidence and adherence to principles of natural justice in serving notices. en-us Wed, 26 Apr 2017 00:00:00 +0530 Thu, 01 Jun 2017 07:21:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343738 The Tribunal allowed the appeals filed by both the Revenue and the assessee for statistical purposes, setting aside the orders related to bogus purchases, unexplained cash deposits, and penalties. The matter was remitted back for fresh consideration to ascertain the consumption, stock sale, and purchase correlation, emphasizing the need for concrete evidence and adherence to principles of natural justice in serving notices. Case-Laws Income Tax Wed, 26 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343738