https://www.taxtmi.com/caselaws?id=408543 The ITAT partially allowed the appeal, restricting the addition of bogus purchases to 5% of non-genuine purchases. The court upheld the CIT(A)'s decision on violating natural justice principles but ruled in favor of the assessee regarding the addition under section 69C. The lack of opportunity for cross-examination was acknowledged but not considered sufficient to delete the addition. The liability to pay interest under sections 234B and 234C was not detailed but likely not upheld due to the overall decision favoring the assessee. en-us Wed, 07 Apr 2021 00:00:00 +0530 Tue, 15 Jun 2021 07:49:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408543 The ITAT partially allowed the appeal, restricting the addition of bogus purchases to 5% of non-genuine purchases. The court upheld the CIT(A)'s decision on violating natural justice principles but ruled in favor of the assessee regarding the addition under section 69C. The lack of opportunity for cross-examination was acknowledged but not considered sufficient to delete the addition. The liability to pay interest under sections 234B and 234C was not detailed but likely not upheld due to the overall decision favoring the assessee. Case-Laws Income Tax Wed, 07 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408543