Bogus Purchase Additions Deleted Under Evidence Rules; Reassessment Valid on Prima Facie Belief Basis

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....The ITAT upheld the CIT(A)'s deletion of additions based on bogus purchases, ruling that statements of witnesses not subjected to cross-examination cannot be used against the assessee. Exclusion of such statements left no material for the AO to justify additions, leading to dismissal of the Revenue's appeals. Regarding reassessment, the AO validly formed a prima facie belief of escaped income based on credible information from the ADIT (Investigation), justifying reopening the assessments. The Tribunal found no infirmity in the reopening and accordingly rejected the assessee's cross objections. Thus, the final outcome confirms the validity of reassessment proceedings while negating additions due to inadmissible evidence, resulting in dismissal of the Revenue's appeals and rejection of the assessee's cross objections.....