https://www.taxtmi.com/caselaws?id=351263 The ITAT upheld the CIT(A)'s decision to restrict the addition to 6.5% of total purchases, dismissing the revenue's appeal. The CIT(A) justified the reopening of assessment under Section 147, citing substantial evidence against the genuineness of purchases. The ITAT found the CIT(A)'s order well-reasoned and supported by legal precedents, affirming the 6.5% addition as fair and justified. The appeal was dismissed, and the order was pronounced on 25/10/2017. en-us Wed, 25 Oct 2017 00:00:00 +0530 Tue, 21 Nov 2017 13:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351263 The ITAT upheld the CIT(A)'s decision to restrict the addition to 6.5% of total purchases, dismissing the revenue's appeal. The CIT(A) justified the reopening of assessment under Section 147, citing substantial evidence against the genuineness of purchases. The ITAT found the CIT(A)'s order well-reasoned and supported by legal precedents, affirming the 6.5% addition as fair and justified. The appeal was dismissed, and the order was pronounced on 25/10/2017. Case-Laws Income Tax Wed, 25 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351263