Bogus purchases - on the basis of meticulous appreciation of ...

Tribunal Overturns Assessing Officer's Findings on Bogus Purchases, Fails to Address Burden of Proof on Assessee.

January 13, 2021

Case Laws Income Tax HC

Bogus purchases - on the basis of meticulous appreciation of material available on record, the Assessing Officer has recorded the conclusions, which has been reproduced above, however, the tribunal has not dealt with the conclusions of the Assessing Officer and in a cryptic and cavalier manner has allowed the appeal preferred by the assessee. The tribunal has also failed to appreciate that in fact, the burden was on the assessee to establish the genuineness of the transaction. - HC

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Bogus purchases - on the basis of meticulous appreciation of ...

Tribunal Overturns Assessing Officer's Findings on Bogus Purchases, Fails to Address Burden of Proof on Assessee.

January 13, 2021

Case Laws Income Tax HC

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