Bogus purchases: HC remitted matter back and asked to follow Gujarat HC judgments

1. By way of this appeal, the appellant has challenged the judgment and order of the Tribunal whereby the Tribunal has dismissed the appeal filed by the department and allowed the appeal and the cross objection of the assessee. 2. This Court while admitting the appeal on 21.10.2013 has framed the following substantial questions of law: “(i) Whether, the cross objection filed by the assessee challenging the addition on account of bogus purchases was maintainable when the assessee itself filed an application for treating the said income as its business income instead of ‘income from other so...