https://www.taxtmi.com/caselaws?id=283939 The Tribunal affirmed the additions on unverified purchases and upheld the validity of reopening the assessment under section 147 due to the appellant's failure to disclose material facts, leading to the dismissal of the appeal. The purchases from concerns controlled by Shri Praveen Jain were deemed bogus as the appellant could not prove their genuineness, resulting in disallowances based on ITAT decisions in similar cases. The incriminating documents found during a search operation further supported the Tribunal's decision to uphold the additions made by the Assessing Officer. en-us Mon, 07 May 2018 00:00:00 +0530 Tue, 22 Oct 2019 07:31:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283939 The Tribunal affirmed the additions on unverified purchases and upheld the validity of reopening the assessment under section 147 due to the appellant's failure to disclose material facts, leading to the dismissal of the appeal. The purchases from concerns controlled by Shri Praveen Jain were deemed bogus as the appellant could not prove their genuineness, resulting in disallowances based on ITAT decisions in similar cases. The incriminating documents found during a search operation further supported the Tribunal's decision to uphold the additions made by the Assessing Officer. Case-Laws Income Tax Mon, 07 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283939