https://www.taxtmi.com/caselaws?id=287171 The Tribunal vacated the disallowance of Rs. 2,13,382 under Section 14A, ruling in favor of the assessee due to the A.O's failure to record dissatisfaction with the claim. Regarding the reopening of assessment for alleged bogus purchases, the Tribunal restricted the addition to Rs. 23,125, representing the profit element, thus partly allowing the appeal. en-us Thu, 28 Feb 2019 00:00:00 +0530 Thu, 14 Nov 2024 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287171 The Tribunal vacated the disallowance of Rs. 2,13,382 under Section 14A, ruling in favor of the assessee due to the A.O's failure to record dissatisfaction with the claim. Regarding the reopening of assessment for alleged bogus purchases, the Tribunal restricted the addition to Rs. 23,125, representing the profit element, thus partly allowing the appeal. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287171