https://www.taxtmi.com/caselaws?id=357329 The Tribunal allowed the appeals in part, restoring the matter to the Assessing Officer for fresh consideration. The Tribunal upheld the addition of 12.5% of non-genuine purchases to the assessee's income, citing precedents and emphasizing the lack of evidence provided by the appellant. The reopening of assessment under Section 147 was deemed justified based on information regarding bogus purchase bills. The Tribunal referred to a similar case for guidance and directed a reevaluation by the AO in line with previous observations. en-us Wed, 14 Mar 2018 00:00:00 +0530 Wed, 21 Mar 2018 08:51:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357329 The Tribunal allowed the appeals in part, restoring the matter to the Assessing Officer for fresh consideration. The Tribunal upheld the addition of 12.5% of non-genuine purchases to the assessee's income, citing precedents and emphasizing the lack of evidence provided by the appellant. The reopening of assessment under Section 147 was deemed justified based on information regarding bogus purchase bills. The Tribunal referred to a similar case for guidance and directed a reevaluation by the AO in line with previous observations. Case-Laws Income Tax Wed, 14 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357329