https://www.taxtmi.com/caselaws?id=348890 The Tribunal upheld the CIT-A's decision to delete additions totaling Rs. 79,24,470 in the case. The first issue involved the deletion of Rs. 49,01,811 on account of alleged bogus purchases, with the Tribunal finding insufficient evidence to support the AO's addition. The second issue concerned the deletion of Rs. 30,22,659 due to a stock difference, which the Tribunal deemed unjustified, as the assessee's explanation was consistent with past practices and the AO lacked material evidence to counter it. The Tribunal dismissed the revenue's appeal, affirming the deletions made by the CIT-A. en-us Fri, 09 Jun 2017 00:00:00 +0530 Tue, 03 Oct 2017 06:33:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348890 The Tribunal upheld the CIT-A's decision to delete additions totaling Rs. 79,24,470 in the case. The first issue involved the deletion of Rs. 49,01,811 on account of alleged bogus purchases, with the Tribunal finding insufficient evidence to support the AO's addition. The second issue concerned the deletion of Rs. 30,22,659 due to a stock difference, which the Tribunal deemed unjustified, as the assessee's explanation was consistent with past practices and the AO lacked material evidence to counter it. The Tribunal dismissed the revenue's appeal, affirming the deletions made by the CIT-A. Case-Laws Income Tax Fri, 09 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348890