https://www.taxtmi.com/caselaws?id=753065 ITAT Hyderabad allowed the assessee's appeal regarding bogus purchases addition based on Investigation Wing information. The tribunal held that once the assessee produced purchase documents and payment evidence from two entities, the burden shifted to the AO to prove negation through proper examination under sections 131 or 133(6). Revenue failed to provide positive evidence proving purchases were not genuine. The tribunal noted that accepting sales while rejecting purchases creates inconsistency, and emphasized the assessee's right to cross-examination under natural justice principles. The addition was deleted. en-us Tue, 21 May 2024 00:00:00 +0530 Thu, 23 May 2024 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753065 ITAT Hyderabad allowed the assessee's appeal regarding bogus purchases addition based on Investigation Wing information. The tribunal held that once the assessee produced purchase documents and payment evidence from two entities, the burden shifted to the AO to prove negation through proper examination under sections 131 or 133(6). Revenue failed to provide positive evidence proving purchases were not genuine. The tribunal noted that accepting sales while rejecting purchases creates inconsistency, and emphasized the assessee's right to cross-examination under natural justice principles. The addition was deleted. Case-Laws Income Tax Tue, 21 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753065