https://www.taxtmi.com/caselaws?id=384351 The ITAT Delhi allowed all appeals filed by the Assessee, deleting additions for alleged bogus purchases for A.Y. 2007-2008 and A.Y. 2008-2009. The penalty under section 271(1)(c) for A.Y. 2007-2008 was also canceled. The ITAT emphasized the importance of providing the Assessee with the opportunity to rebut adverse material and concluded that there was no justification for treating the purchases as bogus based on the evidence presented. en-us Thu, 08 Aug 2019 00:00:00 +0530 Mon, 12 Aug 2019 07:50:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384351 The ITAT Delhi allowed all appeals filed by the Assessee, deleting additions for alleged bogus purchases for A.Y. 2007-2008 and A.Y. 2008-2009. The penalty under section 271(1)(c) for A.Y. 2007-2008 was also canceled. The ITAT emphasized the importance of providing the Assessee with the opportunity to rebut adverse material and concluded that there was no justification for treating the purchases as bogus based on the evidence presented. Case-Laws Income Tax Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384351