https://www.taxtmi.com/caselaws?id=346585 The Tribunal allowed the Revenue's appeal, setting aside the CIT(A)'s order and directing the AO to re-examine the issue of bogus purchases from hawala parties. The assessee was given the opportunity to prove the genuineness and utilization of the purchases in its business, with the AO instructed to follow principles of natural justice during reassessment proceedings. en-us Wed, 16 Aug 2017 00:00:00 +0530 Sat, 19 Aug 2017 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346585 The Tribunal allowed the Revenue's appeal, setting aside the CIT(A)'s order and directing the AO to re-examine the issue of bogus purchases from hawala parties. The assessee was given the opportunity to prove the genuineness and utilization of the purchases in its business, with the AO instructed to follow principles of natural justice during reassessment proceedings. Case-Laws Income Tax Wed, 16 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346585