https://www.taxtmi.com/caselaws?id=429574 The tribunal allowed the appeal of the assessee, setting aside the addition of Rs. 9,92,656/- made by the Assessing Officer. The tribunal found that the AO failed to provide sufficient evidence to prove the purchases were bogus and violated the principles of natural justice by not allowing cross-examination. The tribunal emphasized the importance of credible evidence over mere suspicion and upheld the principles of natural justice. The other issues raised regarding the legality of the proceedings under Section 147 were dismissed as academic. en-us Wed, 26 Oct 2022 00:00:00 +0530 Mon, 31 Oct 2022 09:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429574 The tribunal allowed the appeal of the assessee, setting aside the addition of Rs. 9,92,656/- made by the Assessing Officer. The tribunal found that the AO failed to provide sufficient evidence to prove the purchases were bogus and violated the principles of natural justice by not allowing cross-examination. The tribunal emphasized the importance of credible evidence over mere suspicion and upheld the principles of natural justice. The other issues raised regarding the legality of the proceedings under Section 147 were dismissed as academic. Case-Laws Income Tax Wed, 26 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429574