https://www.taxtmi.com/caselaws?id=386643 The Tribunal in this case law addressed issues including delay in filing appeals, confirmation/reduction of additions on account of bogus purchases, initiation of reassessment proceedings, and procedural fairness concerns. The Tribunal upheld the initiation of reassessment proceedings and remitted cases back to the Assessing Officer for recalculating additions based on differential profit rates. Specific rulings included quashing reassessment due to non-supply of reasons and directing proper confrontation and cross-examination in certain cases. Overall, the Tribunal emphasized adherence to procedural fairness and guidelines set by the Bombay High Court. en-us Thu, 26 Sep 2019 00:00:00 +0530 Fri, 04 Oct 2019 11:08:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386643 The Tribunal in this case law addressed issues including delay in filing appeals, confirmation/reduction of additions on account of bogus purchases, initiation of reassessment proceedings, and procedural fairness concerns. The Tribunal upheld the initiation of reassessment proceedings and remitted cases back to the Assessing Officer for recalculating additions based on differential profit rates. Specific rulings included quashing reassessment due to non-supply of reasons and directing proper confrontation and cross-examination in certain cases. Overall, the Tribunal emphasized adherence to procedural fairness and guidelines set by the Bombay High Court. Case-Laws Income Tax Thu, 26 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386643