https://www.taxtmi.com/caselaws?id=412816 The Tribunal upheld the validity of the assessment reopening under Section 147, directing the Assessing Officer to align the Gross Profit rate of bogus purchases with genuine ones. The Tribunal dismissed the revenue's appeal, partially allowing the assessee's cross-objection. It emphasized the importance of providing necessary details for verification during the set-aside proceedings. en-us Thu, 26 Aug 2021 00:00:00 +0530 Tue, 28 Sep 2021 06:58:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412816 The Tribunal upheld the validity of the assessment reopening under Section 147, directing the Assessing Officer to align the Gross Profit rate of bogus purchases with genuine ones. The Tribunal dismissed the revenue's appeal, partially allowing the assessee's cross-objection. It emphasized the importance of providing necessary details for verification during the set-aside proceedings. Case-Laws Income Tax Thu, 26 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412816