https://www.taxtmi.com/caselaws?id=347611 The Tribunal upheld the disallowance of bogus purchases by confirming a 25% addition, reducing the GP rate to 4%, and validating the reopening proceedings under section 147. The revenue's appeal for a 100% addition was dismissed, with the Tribunal maintaining partial relief for the assessee based on previous decisions. The decision was pronounced on 30th June 2017. en-us Fri, 30 Jun 2017 00:00:00 +0530 Thu, 07 Sep 2017 14:02:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347611 The Tribunal upheld the disallowance of bogus purchases by confirming a 25% addition, reducing the GP rate to 4%, and validating the reopening proceedings under section 147. The revenue's appeal for a 100% addition was dismissed, with the Tribunal maintaining partial relief for the assessee based on previous decisions. The decision was pronounced on 30th June 2017. Case-Laws Income Tax Fri, 30 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347611