https://www.taxtmi.com/caselaws?id=372047 The Tribunal allowed the assessee's appeal in part. The addition under section 68 for share premium was deleted as the assessee proved the identity, creditworthiness, and genuineness of the transactions. However, the partial addition for bogus purchases was confirmed at a reduced rate of 4%. The issue of reopening under section 148 was dismissed as withdrawn. The decision was pronounced on 12-10-2018. en-us Fri, 12 Oct 2018 00:00:00 +0530 Fri, 14 Dec 2018 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372047 The Tribunal allowed the assessee's appeal in part. The addition under section 68 for share premium was deleted as the assessee proved the identity, creditworthiness, and genuineness of the transactions. However, the partial addition for bogus purchases was confirmed at a reduced rate of 4%. The issue of reopening under section 148 was dismissed as withdrawn. The decision was pronounced on 12-10-2018. Case-Laws Income Tax Fri, 12 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372047