https://www.taxtmi.com/caselaws?id=295013 The Income Tax Appellate Tribunal (ITAT) partly allowed the appeal, directing the Assessing Officer (AO) to make an ad-hoc addition of 5% on the purchases to prevent revenue leakage. The ITAT noted the possibility of purchases from the grey market and accommodation bills. The additional ground challenging the reopening of assessment under section 147 was dismissed as not pressed. The order was pronounced on 22/10/2019 at Ahmedabad. en-us Tue, 22 Oct 2019 00:00:00 +0530 Sat, 15 May 2021 11:30:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295013 The Income Tax Appellate Tribunal (ITAT) partly allowed the appeal, directing the Assessing Officer (AO) to make an ad-hoc addition of 5% on the purchases to prevent revenue leakage. The ITAT noted the possibility of purchases from the grey market and accommodation bills. The additional ground challenging the reopening of assessment under section 147 was dismissed as not pressed. The order was pronounced on 22/10/2019 at Ahmedabad. Case-Laws Income Tax Tue, 22 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295013