https://www.taxtmi.com/caselaws?id=363565 The ITAT Hyderabad ruled in favor of the assessee, overturning the CIT(A)'s decision to add alleged bogus purchases. The ITAT found that the AO failed to provide sufficient evidence and denied the assessee the opportunity to cross-examine the entry provider. Emphasizing the lack of concrete proof for bogus purchases, the ITAT directed the AO to delete the addition of Rs. 16,90,160. The judgment highlighted the necessity of proper verification and the importance of allowing cross-examination in such matters. en-us Wed, 11 Jul 2018 00:00:00 +0530 Sat, 14 Jul 2018 07:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363565 The ITAT Hyderabad ruled in favor of the assessee, overturning the CIT(A)'s decision to add alleged bogus purchases. The ITAT found that the AO failed to provide sufficient evidence and denied the assessee the opportunity to cross-examine the entry provider. Emphasizing the lack of concrete proof for bogus purchases, the ITAT directed the AO to delete the addition of Rs. 16,90,160. The judgment highlighted the necessity of proper verification and the importance of allowing cross-examination in such matters. Case-Laws Income Tax Wed, 11 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363565