https://www.taxtmi.com/caselaws?id=261357 The Tribunal upheld the reopening of assessment under Section 147 for assessment years 2008-09 & 2009-10, considering the information on bogus purchases. However, it remanded the issue of bogus purchases back to the AO for further verification. The decision emphasized the necessity of concrete evidence and thorough examination of documents before making additions based on suspicions or external information. en-us Wed, 27 May 2015 00:00:00 +0530 Fri, 10 Jul 2015 06:29:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261357 The Tribunal upheld the reopening of assessment under Section 147 for assessment years 2008-09 & 2009-10, considering the information on bogus purchases. However, it remanded the issue of bogus purchases back to the AO for further verification. The decision emphasized the necessity of concrete evidence and thorough examination of documents before making additions based on suspicions or external information. Case-Laws Income Tax Wed, 27 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261357