https://www.taxtmi.com/caselaws?id=370295 The Tribunal partly allowed the appeal for statistical purposes. The issue of bogus purchases amounting to Rs. 1,33,56,101/- was restored to the CIT(A) for fresh consideration due to flaws in the AO's reliance on evidence not confronted to the assessee. However, the addition of Rs. 14,43,239/- as a bogus liability was deleted by the CIT(A) and upheld by the Tribunal, emphasizing the lack of evidence to prove the liability as non-genuine. The Tribunal stressed the importance of proper confrontation of evidence and adherence to legal procedures in income additions. en-us Tue, 06 Nov 2018 00:00:00 +0530 Thu, 15 Nov 2018 07:26:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370295 The Tribunal partly allowed the appeal for statistical purposes. The issue of bogus purchases amounting to Rs. 1,33,56,101/- was restored to the CIT(A) for fresh consideration due to flaws in the AO's reliance on evidence not confronted to the assessee. However, the addition of Rs. 14,43,239/- as a bogus liability was deleted by the CIT(A) and upheld by the Tribunal, emphasizing the lack of evidence to prove the liability as non-genuine. The Tribunal stressed the importance of proper confrontation of evidence and adherence to legal procedures in income additions. Case-Laws Income Tax Tue, 06 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370295