https://www.taxtmi.com/caselaws?id=410697 The Tribunal partially allowed the appeal by the assessee regarding the addition made on estimations in respect of bogus purchases, reducing the suppressed profit margin on bogus purchases to 7%. However, the challenges related to the validity of reopening of assessment and the rejection of books of account were dismissed. General grounds 5 and 6 were not addressed. en-us Fri, 16 Jul 2021 00:00:00 +0530 Sat, 07 Aug 2021 08:50:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410697 The Tribunal partially allowed the appeal by the assessee regarding the addition made on estimations in respect of bogus purchases, reducing the suppressed profit margin on bogus purchases to 7%. However, the challenges related to the validity of reopening of assessment and the rejection of books of account were dismissed. General grounds 5 and 6 were not addressed. Case-Laws Income Tax Fri, 16 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410697