https://www.taxtmi.com/caselaws?id=196825 The Tribunal quashed the reassessment proceedings initiated by the Assessing Officer due to insufficient evidence and lack of proper application of mind. The addition on account of bogus purchases was reduced to 20% by the CIT(A), but the Tribunal found the evidence provided by the AO to be insufficient and deleted the addition. The Tribunal emphasized the importance of proper evidence and allowing cross-examination, ultimately leading to the deletion of the additions and allowing the appeal filed by the assessee. en-us Thu, 31 Mar 2016 00:00:00 +0530 Sat, 16 Dec 2017 10:28:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196825 The Tribunal quashed the reassessment proceedings initiated by the Assessing Officer due to insufficient evidence and lack of proper application of mind. The addition on account of bogus purchases was reduced to 20% by the CIT(A), but the Tribunal found the evidence provided by the AO to be insufficient and deleted the addition. The Tribunal emphasized the importance of proper evidence and allowing cross-examination, ultimately leading to the deletion of the additions and allowing the appeal filed by the assessee. Case-Laws Income Tax Thu, 31 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196825