https://www.taxtmi.com/caselaws?id=410381 The Tribunal upheld the validity of reopening the assessment for A.Y. 2013-14, dismissing the challenge raised by the assessee. Regarding the addition made on account of bogus purchases, the Tribunal directed to tax only the profit element embedded in the disputed purchases, following a prescribed threshold. The appeals of the assessee were partly allowed, with the decision pronounced on 19/07/2021. en-us Mon, 19 Jul 2021 00:00:00 +0530 Sat, 31 Jul 2021 09:46:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410381 The Tribunal upheld the validity of reopening the assessment for A.Y. 2013-14, dismissing the challenge raised by the assessee. Regarding the addition made on account of bogus purchases, the Tribunal directed to tax only the profit element embedded in the disputed purchases, following a prescribed threshold. The appeals of the assessee were partly allowed, with the decision pronounced on 19/07/2021. Case-Laws Income Tax Mon, 19 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410381