https://www.taxtmi.com/caselaws?id=338249 The Tribunal affirmed the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to delete the addition for non-genuine purchases in the assessment year 2010-11, based on substantial evidence provided by the assessee. For the assessment year 2011-12, a partial addition was retained due to a lower Gross Profit rate. The Tribunal upheld the reopening of the assessment under section 148, dismissing the assessee's challenge. The appeals of the Revenue and cross-objections by the assessee were both dismissed, confirming the CIT(A)'s orders for both assessment years. en-us Wed, 25 Jan 2017 00:00:00 +0530 Sun, 29 Jan 2017 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338249 The Tribunal affirmed the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to delete the addition for non-genuine purchases in the assessment year 2010-11, based on substantial evidence provided by the assessee. For the assessment year 2011-12, a partial addition was retained due to a lower Gross Profit rate. The Tribunal upheld the reopening of the assessment under section 148, dismissing the assessee's challenge. The appeals of the Revenue and cross-objections by the assessee were both dismissed, confirming the CIT(A)'s orders for both assessment years. Case-Laws Income Tax Wed, 25 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338249