https://www.taxtmi.com/caselaws?id=274564 The Tribunal allowed the assessee's appeals and deleted the disallowance of bogus purchases for the Assessment Years 2011-12 to 2013-14. The Tribunal found that the assessee had sufficiently proven the genuineness of the purchases, and the reliance on third-party statements without proper investigation by the Assessing Officer was inadequate to deem the purchases as bogus. Consequently, the Tribunal overturned the decisions of the lower authorities and ruled in favor of the assessee. en-us Thu, 15 Feb 2018 00:00:00 +0530 Wed, 22 Aug 2018 07:38:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274564 The Tribunal allowed the assessee's appeals and deleted the disallowance of bogus purchases for the Assessment Years 2011-12 to 2013-14. The Tribunal found that the assessee had sufficiently proven the genuineness of the purchases, and the reliance on third-party statements without proper investigation by the Assessing Officer was inadequate to deem the purchases as bogus. Consequently, the Tribunal overturned the decisions of the lower authorities and ruled in favor of the assessee. Case-Laws Income Tax Thu, 15 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274564