https://www.taxtmi.com/caselaws?id=442527 The Tribunal partially allowed the appeal, restricting the addition of income on account of alleged bogus purchases and commission expenses to 8% of the total impugned sales. The Tribunal found that the Assessing Officer had not provided an opportunity for cross-examination and had relied on statements without direct evidence, violating principles of natural justice. The decision aligned with the precedent set by the High Court, limiting the addition to cover potential revenue leakage. en-us Fri, 23 Jun 2023 00:00:00 +0530 Sat, 02 Sep 2023 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442527 The Tribunal partially allowed the appeal, restricting the addition of income on account of alleged bogus purchases and commission expenses to 8% of the total impugned sales. The Tribunal found that the Assessing Officer had not provided an opportunity for cross-examination and had relied on statements without direct evidence, violating principles of natural justice. The decision aligned with the precedent set by the High Court, limiting the addition to cover potential revenue leakage. Case-Laws Income Tax Fri, 23 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442527