https://www.taxtmi.com/caselaws?id=357896 The ITAT upheld the reopening of assessment based on incriminating material indicating the assessee's involvement in bogus purchase entries. However, the addition on account of bogus purchases was rejected due to lack of evidence supporting the genuineness of the transactions. The decision aligned with legal precedents and principles, resulting in the dismissal of the assessee's appeal. en-us Wed, 07 Mar 2018 00:00:00 +0530 Mon, 02 Apr 2018 08:18:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357896 The ITAT upheld the reopening of assessment based on incriminating material indicating the assessee's involvement in bogus purchase entries. However, the addition on account of bogus purchases was rejected due to lack of evidence supporting the genuineness of the transactions. The decision aligned with legal precedents and principles, resulting in the dismissal of the assessee's appeal. Case-Laws Income Tax Wed, 07 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357896