https://www.taxtmi.com/highlights?id=56292 Bogus purchases - on the basis of meticulous appreciation of material available on record, the Assessing Officer has recorded the conclusions, which has been reproduced above, however, the tribunal has not dealt with the conclusions of the Assessing Officer and in a cryptic and cavalier manner has allowed the appeal preferred by the assessee. The tribunal has also failed to appreciate that in fact, the burden was on the assessee to establish the genuineness of the transaction. - HC en-us Wed, 13 Jan 2021 11:42:49 +0530 Wed, 13 Jan 2021 11:42:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56292 Bogus purchases - on the basis of meticulous appreciation of material available on record, the Assessing Officer has recorded the conclusions, which has been reproduced above, however, the tribunal has not dealt with the conclusions of the Assessing Officer and in a cryptic and cavalier manner has allowed the appeal preferred by the assessee. The tribunal has also failed to appreciate that in fact, the burden was on the assessee to establish the genuineness of the transaction. - HC Highlights Income Tax Wed, 13 Jan 2021 11:42:49 +0530 https://www.taxtmi.com/highlights?id=56292