https://www.taxtmi.com/caselaws?id=275843 The Tribunal ruled in favor of the Assessee, finding the reopening of assessment lacked proper application of mind and the addition of &8377;25,17,112 as bogus purchases was unjustified. The Assessee successfully proved the legitimacy of purchases with extensive evidence, while the AO's reliance on vague information was deemed insufficient. The Tribunal annulled the addition, upholding the Assessee's appeal due to the lack of concrete evidence supporting the AO's decision. en-us Wed, 27 Jun 2018 00:00:00 +0530 Sat, 20 Oct 2018 09:56:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275843 The Tribunal ruled in favor of the Assessee, finding the reopening of assessment lacked proper application of mind and the addition of &8377;25,17,112 as bogus purchases was unjustified. The Assessee successfully proved the legitimacy of purchases with extensive evidence, while the AO's reliance on vague information was deemed insufficient. The Tribunal annulled the addition, upholding the Assessee's appeal due to the lack of concrete evidence supporting the AO's decision. Case-Laws Income Tax Wed, 27 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275843