https://www.taxtmi.com/caselaws?id=372680 The tribunal upheld the reopening of the assessment under Section 147 and the addition of Rs. 47,91,826/- on account of estimated profit from alleged bogus purchases. The decision was based on the lack of evidence provided by the assessee to substantiate the genuineness of the purchases and the absence of an automatic right to cross-examine witnesses without prima facie evidence. The tribunal dismissed the appeal, affirming the CIT(A)'s findings. en-us Wed, 26 Sep 2018 00:00:00 +0530 Thu, 27 Dec 2018 16:01:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372680 The tribunal upheld the reopening of the assessment under Section 147 and the addition of Rs. 47,91,826/- on account of estimated profit from alleged bogus purchases. The decision was based on the lack of evidence provided by the assessee to substantiate the genuineness of the purchases and the absence of an automatic right to cross-examine witnesses without prima facie evidence. The tribunal dismissed the appeal, affirming the CIT(A)'s findings. Case-Laws Income Tax Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372680