Failure to Grant Cross-Examination in Bogus Purchase Cases – Bombay High Court Upholds Relief, Restricts Addition to 15% Pr. CIT v. Ramelex Pvt. Ltd. (ITA No. 14/2022) Facts: 1. The assessee, Ramelex Pvt. Ltd., engaged in trading activities, was subjected to reassessment under Section 147 of the Income-tax Act. 2. Reopening was based on…
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