https://www.taxtmi.com/caselaws?id=299403 The Appellate Tribunal ITAT Mumbai partially allowed the appeal, granting relief on the addition of bogus purchases but dismissing challenges to the validity of re-opening assessment and violation of natural justice. The Tribunal upheld the re-opening of assessment under section 147 of the Act based on tangible post-assessment information indicating income escapement from bogus purchases. Despite the appellant's attempts to prove the genuineness of purchases, discrepancies in evidence and indications of dubious nature led to the Tribunal's decision. The appellant's claims of insufficient opportunity to prove purchases' authenticity were also dismissed. en-us Wed, 12 Sep 2018 00:00:00 +0530 Tue, 14 Dec 2021 08:38:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299403 The Appellate Tribunal ITAT Mumbai partially allowed the appeal, granting relief on the addition of bogus purchases but dismissing challenges to the validity of re-opening assessment and violation of natural justice. The Tribunal upheld the re-opening of assessment under section 147 of the Act based on tangible post-assessment information indicating income escapement from bogus purchases. Despite the appellant's attempts to prove the genuineness of purchases, discrepancies in evidence and indications of dubious nature led to the Tribunal's decision. The appellant's claims of insufficient opportunity to prove purchases' authenticity were also dismissed. Case-Laws Income Tax Wed, 12 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299403