https://www.taxtmi.com/caselaws?id=761256 The ITAT Pune remanded the case to the Assessing Officer after finding that vital documents were ignored by lower authorities. The case involved additions under section 69C read with section 115BBE where the assessee failed to substantiate differences between purchases in P&L Account and TCS in Form 26AS. The tribunal noted that invoices were raised in sister concerns' names but used assessee's PAN, with payments from sister concerns' bank accounts. The AO was directed to provide proper hearing opportunity to verify if purchases were actually made by sister concerns and reflected in their accounts, with assessee required to appear without seeking adjournments. en-us Tue, 05 Nov 2024 00:00:00 +0530 Wed, 06 Nov 2024 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761256 The ITAT Pune remanded the case to the Assessing Officer after finding that vital documents were ignored by lower authorities. The case involved additions under section 69C read with section 115BBE where the assessee failed to substantiate differences between purchases in P&L Account and TCS in Form 26AS. The tribunal noted that invoices were raised in sister concerns' names but used assessee's PAN, with payments from sister concerns' bank accounts. The AO was directed to provide proper hearing opportunity to verify if purchases were actually made by sister concerns and reflected in their accounts, with assessee required to appear without seeking adjournments. Case-Laws Income Tax Tue, 05 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761256