https://www.taxtmi.com/caselaws?id=367059 The Court reviewed the challenges to the remand order by the appellant-assessee regarding various issues, including disallowance of purchases from related parties, unverified fixed assets, and depreciation for the Assessment Year 2007-08. The Court set aside the remand order on unverified fixed assets and depreciation, directing a fresh examination. However, the remand order on the disallowance of purchases from related parties was upheld, emphasizing the interconnected nature of operating expenses and purchases. The appeals were partially decided in favor of both parties, requiring a thorough reevaluation of specific issues based on available documents. en-us Tue, 21 Aug 2018 00:00:00 +0530 Fri, 14 Sep 2018 07:48:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367059 The Court reviewed the challenges to the remand order by the appellant-assessee regarding various issues, including disallowance of purchases from related parties, unverified fixed assets, and depreciation for the Assessment Year 2007-08. The Court set aside the remand order on unverified fixed assets and depreciation, directing a fresh examination. However, the remand order on the disallowance of purchases from related parties was upheld, emphasizing the interconnected nature of operating expenses and purchases. The appeals were partially decided in favor of both parties, requiring a thorough reevaluation of specific issues based on available documents. Case-Laws Income Tax Tue, 21 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367059