https://www.taxtmi.com/caselaws?id=385728 The tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to delete additions towards bogus purchases and commission expenditure. The tribunal found that the assessee provided substantial evidence supporting the genuineness of the purchases, while the Assessing Officer's reliance on retracted statements and inconsistent reasons for reassessment was deemed insufficient. The tribunal dismissed the revenue's appeals and noted that the cross objections by the assessee challenging the reopening of assessment were not pressed. en-us Fri, 02 Aug 2019 00:00:00 +0530 Thu, 12 Sep 2019 09:53:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385728 The tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to delete additions towards bogus purchases and commission expenditure. The tribunal found that the assessee provided substantial evidence supporting the genuineness of the purchases, while the Assessing Officer's reliance on retracted statements and inconsistent reasons for reassessment was deemed insufficient. The tribunal dismissed the revenue's appeals and noted that the cross objections by the assessee challenging the reopening of assessment were not pressed. Case-Laws Income Tax Fri, 02 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385728