https://www.taxtmi.com/caselaws?id=349481 The ITAT partially allowed the appeal by reducing the disallowance of 100% of bogus purchases to 12.5% for a partnership firm engaged in garment manufacturing. The court upheld the validity of reopening the assessment based on tangible evidence linking the assessee to hawala transactions and bogus purchase bills. The decision was pronounced on 12.10.2017. en-us Thu, 12 Oct 2017 00:00:00 +0530 Sat, 14 Oct 2017 07:57:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349481 The ITAT partially allowed the appeal by reducing the disallowance of 100% of bogus purchases to 12.5% for a partnership firm engaged in garment manufacturing. The court upheld the validity of reopening the assessment based on tangible evidence linking the assessee to hawala transactions and bogus purchase bills. The decision was pronounced on 12.10.2017. Case-Laws Income Tax Thu, 12 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349481