https://www.taxtmi.com/caselaws?id=757535 The ITAT partly allowed cross-appeals from both the assessee and the revenue, reducing the addition of alleged bogus purchases to 3% of Rs. 7,20,30,027. This decision aligned with prior assessments, ensuring consistency and fairness. The tribunal emphasized the need for a reasonable opportunity to present the case and cross-examine evidence. en-us Fri, 23 Aug 2024 00:00:00 +0530 Wed, 28 Aug 2024 09:07:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757535 The ITAT partly allowed cross-appeals from both the assessee and the revenue, reducing the addition of alleged bogus purchases to 3% of Rs. 7,20,30,027. This decision aligned with prior assessments, ensuring consistency and fairness. The tribunal emphasized the need for a reasonable opportunity to present the case and cross-examine evidence. Case-Laws Income Tax Fri, 23 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757535