https://www.taxtmi.com/caselaws?id=282040 The tribunal ruled in favor of the assessee in all aspects of the case. The reopening of the assessment under Section 147 was deemed invalid due to lack of jurisdiction and independent application of mind. The additions made for alleged bogus purchases were deleted as the assessee provided sufficient documentary evidence, and the suppliers confirmed the transactions. The order passed under Section 263 by the CIT was set aside as the AO's original order was found to be justified and not erroneous or prejudicial to the interest of the revenue. en-us Fri, 01 Mar 2019 00:00:00 +0530 Fri, 19 Jul 2019 06:27:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282040 The tribunal ruled in favor of the assessee in all aspects of the case. The reopening of the assessment under Section 147 was deemed invalid due to lack of jurisdiction and independent application of mind. The additions made for alleged bogus purchases were deleted as the assessee provided sufficient documentary evidence, and the suppliers confirmed the transactions. The order passed under Section 263 by the CIT was set aside as the AO's original order was found to be justified and not erroneous or prejudicial to the interest of the revenue. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282040