https://www.taxtmi.com/caselaws?id=348909 The Tribunal dismissed the assessee's appeal regarding the reopening of assessment for the year 2009-10. For the assessment year 2010-11, the Tribunal upheld the addition of 10% of bogus purchases to prevent revenue leakages due to hawala transactions. The penalty under section 271A for default under section 44A was deleted as the books of accounts were maintained and certified. The Tribunal partially allowed appeals related to the addition of bogus purchases for multiple years, deleting 90% of the amount. en-us Fri, 29 Sep 2017 00:00:00 +0530 Fri, 29 Sep 2017 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348909 The Tribunal dismissed the assessee's appeal regarding the reopening of assessment for the year 2009-10. For the assessment year 2010-11, the Tribunal upheld the addition of 10% of bogus purchases to prevent revenue leakages due to hawala transactions. The penalty under section 271A for default under section 44A was deleted as the books of accounts were maintained and certified. The Tribunal partially allowed appeals related to the addition of bogus purchases for multiple years, deleting 90% of the amount. Case-Laws Income Tax Fri, 29 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348909