https://www.taxtmi.com/caselaws?id=347883 The ITAT upheld the validity of the reopening of the assessment under Section 147 of the Income Tax Act, dismissing the assessee's challenge on the ground of borrowed satisfaction. Regarding the disallowance of alleged bogus purchases, the ITAT directed that the disallowance be restricted to 12.5% of the purchases, partly allowing the appeals filed by the assessee. en-us Thu, 17 Aug 2017 00:00:00 +0530 Tue, 12 Sep 2017 10:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347883 The ITAT upheld the validity of the reopening of the assessment under Section 147 of the Income Tax Act, dismissing the assessee's challenge on the ground of borrowed satisfaction. Regarding the disallowance of alleged bogus purchases, the ITAT directed that the disallowance be restricted to 12.5% of the purchases, partly allowing the appeals filed by the assessee. Case-Laws Income Tax Thu, 17 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347883