https://www.taxtmi.com/caselaws?id=388621 The Tribunal partially allowed the appeal, instructing the AO to limit additions by aligning the G.P. rate on disputed purchases with genuine purchases. The assessee must submit relevant evidence, and the AO must offer a fair hearing before finalizing the order. The decision underscores adherence to legal principles and judicial precedents. en-us Fri, 15 Nov 2019 00:00:00 +0530 Thu, 07 Nov 2024 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388621 The Tribunal partially allowed the appeal, instructing the AO to limit additions by aligning the G.P. rate on disputed purchases with genuine purchases. The assessee must submit relevant evidence, and the AO must offer a fair hearing before finalizing the order. The decision underscores adherence to legal principles and judicial precedents. Case-Laws Income Tax Fri, 15 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388621