https://www.taxtmi.com/caselaws?id=60084 The Tribunal overturned the addition of Rs. 6,54,767 for alleged bogus purchases, ruling in favor of the assessee. It found that the assessee had provided substantial evidence to prove the genuineness of the transactions, shifting the burden of proof to the department, which failed to disprove the transactions adequately. The Tribunal criticized the lack of thorough investigations by the Assessing Officer and highlighted procedural irregularities in the case handling. Consequently, the Tribunal quashed the orders of the A.O. and CIT(A) and deleted the addition, emphasizing the importance of proper procedural adherence and thorough investigations. en-us Wed, 24 May 1995 00:00:00 +0530 Mon, 03 Jan 2011 16:22:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60084 The Tribunal overturned the addition of Rs. 6,54,767 for alleged bogus purchases, ruling in favor of the assessee. It found that the assessee had provided substantial evidence to prove the genuineness of the transactions, shifting the burden of proof to the department, which failed to disprove the transactions adequately. The Tribunal criticized the lack of thorough investigations by the Assessing Officer and highlighted procedural irregularities in the case handling. Consequently, the Tribunal quashed the orders of the A.O. and CIT(A) and deleted the addition, emphasizing the importance of proper procedural adherence and thorough investigations. Case-Laws Income Tax Wed, 24 May 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60084