https://www.taxtmi.com/caselaws?id=276496 The appeal filed by the assessee was dismissed, and the order of the CIT(A) was upheld, confirming the validity of the reopening under Section 147 and the addition of 12.5% of the bogus purchases to the appellant's income. The Tribunal found no infirmity in the AO's actions and concluded that the reassessment and the additions were justified based on the credible information and evidence of bogus transactions. en-us Mon, 04 Sep 2017 00:00:00 +0530 Tue, 13 Nov 2018 07:46:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276496 The appeal filed by the assessee was dismissed, and the order of the CIT(A) was upheld, confirming the validity of the reopening under Section 147 and the addition of 12.5% of the bogus purchases to the appellant's income. The Tribunal found no infirmity in the AO's actions and concluded that the reassessment and the additions were justified based on the credible information and evidence of bogus transactions. Case-Laws Income Tax Mon, 04 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276496