https://www.taxtmi.com/caselaws?id=287744 The appeal was dismissed regarding the addition made on account of alleged bogus purchases, with the Tribunal upholding the CIT(A)'s decision to reduce the estimated profit on the purchases based on established facts and judicial precedents. Additionally, the reopening of assessment under section 147 was confirmed, despite the original assessment under section 143(3), with the Tribunal supporting the CIT(A)'s findings and decision, leading to the dismissal of the appeal. en-us Thu, 12 Jul 2018 00:00:00 +0530 Thu, 30 Apr 2020 10:23:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287744 The appeal was dismissed regarding the addition made on account of alleged bogus purchases, with the Tribunal upholding the CIT(A)'s decision to reduce the estimated profit on the purchases based on established facts and judicial precedents. Additionally, the reopening of assessment under section 147 was confirmed, despite the original assessment under section 143(3), with the Tribunal supporting the CIT(A)'s findings and decision, leading to the dismissal of the appeal. Case-Laws Income Tax Thu, 12 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287744