https://www.taxtmi.com/caselaws?id=401702 The appellate tribunal set aside the CIT(A)'s decision in a tax case involving the addition of bogus purchases, violation of natural justice principles, and estimation of Gross Profit rate. The tribunal directed a de novo assessment by the AO, emphasizing the importance of allowing the assessee to cross-examine witnesses and submit relevant documents. The AO was instructed to provide a fair hearing before making a new determination. The appeals were allowed for statistical purposes. en-us Wed, 02 Dec 2020 00:00:00 +0530 Sat, 30 Jan 2021 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401702 The appellate tribunal set aside the CIT(A)'s decision in a tax case involving the addition of bogus purchases, violation of natural justice principles, and estimation of Gross Profit rate. The tribunal directed a de novo assessment by the AO, emphasizing the importance of allowing the assessee to cross-examine witnesses and submit relevant documents. The AO was instructed to provide a fair hearing before making a new determination. The appeals were allowed for statistical purposes. Case-Laws Income Tax Wed, 02 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401702