https://www.taxtmi.com/caselaws?id=388017 The Tribunal ruled in favor of the assessee, deleting the additions made under section 68 in assessments reopened based on alleged bogus purchases. The Tribunal emphasized the necessity of a direct connection between the reason for reopening assessments and any subsequent income additions, citing legal precedents. The decision underscored the importance of following established legal principles in reassessments, ultimately leading to the deletion of the disputed additions. en-us Fri, 18 Oct 2019 00:00:00 +0530 Wed, 06 Nov 2019 12:12:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388017 The Tribunal ruled in favor of the assessee, deleting the additions made under section 68 in assessments reopened based on alleged bogus purchases. The Tribunal emphasized the necessity of a direct connection between the reason for reopening assessments and any subsequent income additions, citing legal precedents. The decision underscored the importance of following established legal principles in reassessments, ultimately leading to the deletion of the disputed additions. Case-Laws Income Tax Fri, 18 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388017