https://www.taxtmi.com/caselaws?id=400034 The Tribunal partially allowed the appeals, directing the AO to add 12.5% of the total amount of bogus purchases and deleting other additions upheld by the CIT(A). It emphasized that the AO cannot conduct fishing inquiries during reassessment and confirmed that additions must align with the reasons recorded for issuing notice under section 148. en-us Thu, 10 Sep 2020 00:00:00 +0530 Mon, 26 Oct 2020 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400034 The Tribunal partially allowed the appeals, directing the AO to add 12.5% of the total amount of bogus purchases and deleting other additions upheld by the CIT(A). It emphasized that the AO cannot conduct fishing inquiries during reassessment and confirmed that additions must align with the reasons recorded for issuing notice under section 148. Case-Laws Income Tax Thu, 10 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400034