https://www.taxtmi.com/caselaws?id=280435 The Tribunal allowed the assessee's appeals, overturning the additions for alleged bogus purchases made by the Assessing Officer for three consecutive assessment years. The Tribunal emphasized that Assessing Officers must adhere to the reasons for initiating reassessment proceedings and cannot make additions on different grounds if the initial reasons cease to exist. The decision was based on legal precedents and principles, leading to the deletion of the additions confirmed by the ld. CIT(Appeals) for all three years. en-us Wed, 15 Mar 2017 00:00:00 +0530 Sun, 05 May 2019 08:43:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280435 The Tribunal allowed the assessee's appeals, overturning the additions for alleged bogus purchases made by the Assessing Officer for three consecutive assessment years. The Tribunal emphasized that Assessing Officers must adhere to the reasons for initiating reassessment proceedings and cannot make additions on different grounds if the initial reasons cease to exist. The decision was based on legal precedents and principles, leading to the deletion of the additions confirmed by the ld. CIT(Appeals) for all three years. Case-Laws Income Tax Wed, 15 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280435