https://www.taxtmi.com/caselaws?id=415729 The Tribunal allowed the appeal, quashing the reassessment order under Section 143(3) read with Section 147 due to the invalid reopening process. The additions of 12.5% of alleged bogus purchases and the amount added to book profit under Section 115JB were not adjudicated as the assessment was invalidated. The appeal was partly allowed, declaring the assessment order invalid and void. en-us Fri, 12 Nov 2021 00:00:00 +0530 Mon, 13 Dec 2021 08:35:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415729 The Tribunal allowed the appeal, quashing the reassessment order under Section 143(3) read with Section 147 due to the invalid reopening process. The additions of 12.5% of alleged bogus purchases and the amount added to book profit under Section 115JB were not adjudicated as the assessment was invalidated. The appeal was partly allowed, declaring the assessment order invalid and void. Case-Laws Income Tax Fri, 12 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415729