https://www.taxtmi.com/caselaws?id=366480 The Tribunal partially allowed the appeal, setting aside the CIT(A)'s order and directing the AO to tax the estimated profit on the disputed purchases. The judgment emphasized the importance of considering profit elements in alleged bogus purchases and ensuring adherence to principles of natural justice during assessments. en-us Fri, 31 Aug 2018 00:00:00 +0530 Wed, 05 Sep 2018 10:14:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366480 The Tribunal partially allowed the appeal, setting aside the CIT(A)'s order and directing the AO to tax the estimated profit on the disputed purchases. The judgment emphasized the importance of considering profit elements in alleged bogus purchases and ensuring adherence to principles of natural justice during assessments. Case-Laws Income Tax Fri, 31 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366480