https://www.taxtmi.com/caselaws?id=349430 The Tribunal dismissed the Revenue's appeal and allowed the assessee's cross objection in a case involving challenges to additions made on account of alleged bogus purchases. The Tribunal found that the assessee had met the burden of proof by providing documentary evidence and responses supporting the genuineness of the purchases, while noting the lack of concrete evidence from the Assessing Officer to refute the genuineness. As a result, the Tribunal deleted the addition sustained by the Commissioner (Appeals) and emphasized the importance of establishing the genuineness of transactions during assessment and re-assessment proceedings. en-us Wed, 04 Oct 2017 00:00:00 +0530 Fri, 13 Oct 2017 09:25:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349430 The Tribunal dismissed the Revenue's appeal and allowed the assessee's cross objection in a case involving challenges to additions made on account of alleged bogus purchases. The Tribunal found that the assessee had met the burden of proof by providing documentary evidence and responses supporting the genuineness of the purchases, while noting the lack of concrete evidence from the Assessing Officer to refute the genuineness. As a result, the Tribunal deleted the addition sustained by the Commissioner (Appeals) and emphasized the importance of establishing the genuineness of transactions during assessment and re-assessment proceedings. Case-Laws Income Tax Wed, 04 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349430