https://www.taxtmi.com/caselaws?id=235667 The tribunal upheld the addition of 12.5% on alleged bogus purchases for both years 2003-04 and 2004-05, rejecting the challenge to the validity of reopening the assessment. The tribunal considered the detailed information provided by the assessee on purchases and sales, directing the Assessing Officer to make the addition accordingly. This decision partially allowed the assessee's appeals, emphasizing the adequacy of the 12.5% addition based on previous tribunal decisions and the specific circumstances of the case. en-us Mon, 30 Apr 2012 00:00:00 +0530 Tue, 30 Jul 2013 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235667 The tribunal upheld the addition of 12.5% on alleged bogus purchases for both years 2003-04 and 2004-05, rejecting the challenge to the validity of reopening the assessment. The tribunal considered the detailed information provided by the assessee on purchases and sales, directing the Assessing Officer to make the addition accordingly. This decision partially allowed the assessee's appeals, emphasizing the adequacy of the 12.5% addition based on previous tribunal decisions and the specific circumstances of the case. Case-Laws Income Tax Mon, 30 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235667