https://www.taxtmi.com/caselaws?id=415255 The High Court upheld the ITAT's decision to delete the addition of Rs. 4,92,43,370 on account of alleged bogus purchases. The ITAT found the respondent had provided evidence such as bank statements, stock registers, and promotional activity documentation, shifting the burden of proof to the Revenue. The High Court agreed, stating no substantial legal question was raised. Additionally, in a similar case, the High Court dismissed an appeal due to the Revenue's failure to provide clear reasons for non-service of notices and lack of cross-examination, emphasizing the importance of proper analysis in tax matters. en-us Mon, 22 Nov 2021 00:00:00 +0530 Wed, 01 Dec 2021 08:50:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415255 The High Court upheld the ITAT's decision to delete the addition of Rs. 4,92,43,370 on account of alleged bogus purchases. The ITAT found the respondent had provided evidence such as bank statements, stock registers, and promotional activity documentation, shifting the burden of proof to the Revenue. The High Court agreed, stating no substantial legal question was raised. Additionally, in a similar case, the High Court dismissed an appeal due to the Revenue's failure to provide clear reasons for non-service of notices and lack of cross-examination, emphasizing the importance of proper analysis in tax matters. Case-Laws Income Tax Mon, 22 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415255