2011 (2) TMI 1506 - HC - Income Tax

Summary

The High Court of Bombay dismissed the appeal regarding deletion of addition on account of bogus purchases made by the assessee from M/s. Thakkar Agro Industrial Chem Supplies P. Ltd. The Tribunal's decision was upheld as the assessee was not given the opportunity to cross-examine the Director of M/s. Thakkar Agro Industrial Chem Supplies P. Ltd. whose statement was relied upon by the revenue.