https://www.taxtmi.com/caselaws?id=400170 The Tribunal upheld the reopening of the assessment based on third-party satisfaction but found the disallowance of expenses for bogus purchases of packing materials unjustified. The Tribunal ruled in favor of the assessee, deleting the additions made by the Assessing Officer and upholding the genuineness of the purchases. The appeals were partly allowed for the assessment years 2009-10 and 2010-11 and fully allowed for the assessment year 2011-12. en-us Wed, 07 Oct 2020 00:00:00 +0530 Fri, 30 Oct 2020 10:48:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400170 The Tribunal upheld the reopening of the assessment based on third-party satisfaction but found the disallowance of expenses for bogus purchases of packing materials unjustified. The Tribunal ruled in favor of the assessee, deleting the additions made by the Assessing Officer and upholding the genuineness of the purchases. The appeals were partly allowed for the assessment years 2009-10 and 2010-11 and fully allowed for the assessment year 2011-12. Case-Laws Income Tax Wed, 07 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400170