https://www.taxtmi.com/caselaws?id=405493 The Tribunal quashed the reassessment proceedings as the Assessing Officer failed to apply his independent mind and verify primary material before initiating the reassessment. The addition on account of alleged bogus purchases was invalidated due to lack of evidence and improper legal grounding. The appeal was allowed in favor of the assessee, and the reassessment proceedings were quashed. en-us Thu, 18 Mar 2021 00:00:00 +0530 Mon, 22 Mar 2021 09:16:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405493 The Tribunal quashed the reassessment proceedings as the Assessing Officer failed to apply his independent mind and verify primary material before initiating the reassessment. The addition on account of alleged bogus purchases was invalidated due to lack of evidence and improper legal grounding. The appeal was allowed in favor of the assessee, and the reassessment proceedings were quashed. Case-Laws Income Tax Thu, 18 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405493