https://www.taxtmi.com/highlights?id=51068 Reopening of assessment u/s 147 - Bogus software purchase - Assessing Officer has accepted the net profit as per the books of account and merely on surmises and conjectures, treated the purchase of software as bogus yet allowing depreciation on software which is evident from the fixed assets schedule - Additions deleted. en-us Mon, 06 Jan 2020 06:37:19 +0530 Mon, 06 Jan 2020 06:37:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51068 Reopening of assessment u/s 147 - Bogus software purchase - Assessing Officer has accepted the net profit as per the books of account and merely on surmises and conjectures, treated the purchase of software as bogus yet allowing depreciation on software which is evident from the fixed assets schedule - Additions deleted. Highlights Income Tax Mon, 06 Jan 2020 06:37:19 +0530 https://www.taxtmi.com/highlights?id=51068