https://www.taxtmi.com/caselaws?id=407656 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions. The addition on account of bogus purchases was deleted as the seized material was not sufficient to prove fake purchases. The Tribunal noted the AO's lack of independent investigation and reliance on non-binding circulars. Regarding the deduction under section 80HHC, the AO exceeded jurisdiction in revising the computation without incriminating material. The Tribunal affirmed that additions cannot be made without such material. The Tribunal's decision was pronounced on 23rd February 2021. en-us Tue, 23 Feb 2021 00:00:00 +0530 Tue, 18 May 2021 08:30:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407656 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions. The addition on account of bogus purchases was deleted as the seized material was not sufficient to prove fake purchases. The Tribunal noted the AO's lack of independent investigation and reliance on non-binding circulars. Regarding the deduction under section 80HHC, the AO exceeded jurisdiction in revising the computation without incriminating material. The Tribunal affirmed that additions cannot be made without such material. The Tribunal's decision was pronounced on 23rd February 2021. Case-Laws Income Tax Tue, 23 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407656