https://www.taxtmi.com/caselaws?id=347424 The Tribunal held that the reassessment proceedings and the addition of 20% of the purchases were invalid and void ab initio due to the lack of independent application of mind by the Assessing Officer. Consequently, the reassessment proceedings were quashed, and the addition of 20% of the purchases as bogus purchases was deleted. The appeals of the assessees were allowed, following the decision in a similar case, resulting in both appeals being allowed. en-us Wed, 30 Aug 2017 00:00:00 +0530 Mon, 04 Sep 2017 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347424 The Tribunal held that the reassessment proceedings and the addition of 20% of the purchases were invalid and void ab initio due to the lack of independent application of mind by the Assessing Officer. Consequently, the reassessment proceedings were quashed, and the addition of 20% of the purchases as bogus purchases was deleted. The appeals of the assessees were allowed, following the decision in a similar case, resulting in both appeals being allowed. Case-Laws Income Tax Wed, 30 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347424