https://www.taxtmi.com/caselaws?id=365709 The Tribunal upheld the reopening of assessments based on concrete information indicating the assessee's involvement in bogus purchases. However, the Tribunal found that the additions towards bogus purchases were not justified as the assessee provided ample evidence to prove the transactions' genuineness. The appeals of the assessee were partly allowed, and the Revenue's appeals were dismissed. en-us Wed, 04 Jul 2018 00:00:00 +0530 Wed, 22 Aug 2018 08:05:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365709 The Tribunal upheld the reopening of assessments based on concrete information indicating the assessee's involvement in bogus purchases. However, the Tribunal found that the additions towards bogus purchases were not justified as the assessee provided ample evidence to prove the transactions' genuineness. The appeals of the assessee were partly allowed, and the Revenue's appeals were dismissed. Case-Laws Income Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365709