https://www.taxtmi.com/caselaws?id=367223 The tribunal allowed the appeal of the assessee, directing the deletion of the addition related to the alleged bogus purchases and restoring the issue of ROC fee disallowance to the AO for further examination. The decision emphasized the importance of considering all documentary evidence and provided clear directions for reassessment based on the facts presented. The tribunal did not specifically address the issue of the initiation of penalty proceedings u/s 271(1)(c) in the final judgment, as the primary focus was on the disallowances and their justifications. en-us Mon, 10 Sep 2018 00:00:00 +0530 Mon, 17 Sep 2018 07:41:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367223 The tribunal allowed the appeal of the assessee, directing the deletion of the addition related to the alleged bogus purchases and restoring the issue of ROC fee disallowance to the AO for further examination. The decision emphasized the importance of considering all documentary evidence and provided clear directions for reassessment based on the facts presented. The tribunal did not specifically address the issue of the initiation of penalty proceedings u/s 271(1)(c) in the final judgment, as the primary focus was on the disallowances and their justifications. Case-Laws Income Tax Mon, 10 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367223