https://www.taxtmi.com/caselaws?id=440458 The Tribunal upheld the validity of the reassessment proceedings based on information received from the ADIT (Investigation) and the addition on account of lower gross profit due to bogus purchases. The matter regarding the disallowance of employees' contribution to PF and ESI, as well as the charging of interest under Sections 234B and 234D, was not specifically addressed in the judgment. The Tribunal remanded the issue of lower gross profit back to the CIT(A) to allow the assessee an opportunity to cross-examine relevant individuals. en-us Mon, 05 Jun 2023 00:00:00 +0530 Mon, 17 Jul 2023 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440458 The Tribunal upheld the validity of the reassessment proceedings based on information received from the ADIT (Investigation) and the addition on account of lower gross profit due to bogus purchases. The matter regarding the disallowance of employees' contribution to PF and ESI, as well as the charging of interest under Sections 234B and 234D, was not specifically addressed in the judgment. The Tribunal remanded the issue of lower gross profit back to the CIT(A) to allow the assessee an opportunity to cross-examine relevant individuals. Case-Laws Income Tax Mon, 05 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440458