https://www.taxtmi.com/caselaws?id=396196 The ITAT allowed the assessee's appeals in ITA No.763/PUN/2017 and ITA No.764/PUN/2017 for statistical purposes. In ITA No.763/PUN/2017, the ITAT set aside the CIT(A) order regarding bogus purchases addition and remanded the matter to the Assessing Officer for calculating excess gross profit rate from bogus purchases. In ITA No.764/PUN/2017, the ITAT directed the penalty issue to be re-examined by the Assessing Officer in conjunction with the quantum matter. Both appeals were allowed, ensuring a fair hearing and due process for the assessee. en-us Mon, 22 Jun 2020 00:00:00 +0530 Tue, 23 Jun 2020 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396196 The ITAT allowed the assessee's appeals in ITA No.763/PUN/2017 and ITA No.764/PUN/2017 for statistical purposes. In ITA No.763/PUN/2017, the ITAT set aside the CIT(A) order regarding bogus purchases addition and remanded the matter to the Assessing Officer for calculating excess gross profit rate from bogus purchases. In ITA No.764/PUN/2017, the ITAT directed the penalty issue to be re-examined by the Assessing Officer in conjunction with the quantum matter. Both appeals were allowed, ensuring a fair hearing and due process for the assessee. Case-Laws Income Tax Mon, 22 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396196