https://www.taxtmi.com/caselaws?id=400702 The Tribunal partially allowed the appeals for AY 2011-12 and fully allowed them for AY 2014-15. It directed the deletion of the disallowance of Rs. 79,60,882/- for AY 2011-12, as the purchases were found to be genuine based on primary documents submitted by the assessee. The decision was applied to AY 2014-15 with variations in figures and supplier names. The Tribunal emphasized the principles of natural justice and the lack of independent investigation by the AO in confirming the addition on account of alleged bogus purchases. en-us Wed, 11 Nov 2020 00:00:00 +0530 Fri, 13 Nov 2020 21:12:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400702 The Tribunal partially allowed the appeals for AY 2011-12 and fully allowed them for AY 2014-15. It directed the deletion of the disallowance of Rs. 79,60,882/- for AY 2011-12, as the purchases were found to be genuine based on primary documents submitted by the assessee. The decision was applied to AY 2014-15 with variations in figures and supplier names. The Tribunal emphasized the principles of natural justice and the lack of independent investigation by the AO in confirming the addition on account of alleged bogus purchases. Case-Laws Income Tax Wed, 11 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400702