https://www.taxtmi.com/highlights?id=47141 Reassessment u/s 147 - bogus purchases - When the investigation wing has received specific information from another gov. Dept. that assessee has indulged in hawala transaction by availing bogus purchases bills to inflate its purchases, it cannot be said that the AO had no information or that there was no fresh material for reopening of the assessment - reopening sustained en-us Thu, 13 Jun 2019 06:43:44 +0530 Thu, 13 Jun 2019 06:43:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47141 Reassessment u/s 147 - bogus purchases - When the investigation wing has received specific information from another gov. Dept. that assessee has indulged in hawala transaction by availing bogus purchases bills to inflate its purchases, it cannot be said that the AO had no information or that there was no fresh material for reopening of the assessment - reopening sustained Highlights Income Tax Thu, 13 Jun 2019 06:43:44 +0530 https://www.taxtmi.com/highlights?id=47141