https://www.taxtmi.com/caselaws?id=359567 The Tribunal allowed the appeal, ruling in favor of the assessee in a case involving allegations of bogus purchases. The Tribunal held that the assessee had established the genuineness of the transactions, with suppliers confirming the sales. The Tribunal emphasized the need for thorough inquiries by the Assessing Officer before making additions based on external sources. The order was pronounced on 13th April 2018. en-us Fri, 13 Apr 2018 00:00:00 +0530 Tue, 01 May 2018 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359567 The Tribunal allowed the appeal, ruling in favor of the assessee in a case involving allegations of bogus purchases. The Tribunal held that the assessee had established the genuineness of the transactions, with suppliers confirming the sales. The Tribunal emphasized the need for thorough inquiries by the Assessing Officer before making additions based on external sources. The order was pronounced on 13th April 2018. Case-Laws Income Tax Fri, 13 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359567