https://www.taxtmi.com/caselaws?id=300134 The Tribunal dismissed the appeal against the reopening of assessment as the ground was not pressed by the Ld. AR. However, in relation to the merit of the addition upheld for bogus purchases, the Tribunal directed the AO to restrict the disallowance to 5% of the alleged bogus purchases based on the disclosed GP rates and quantitative details provided by the assessee. Consequently, the appeals were allowed in part, providing relief to the assessee in the matter of disallowances related to bogus purchases. en-us Fri, 18 Jan 2019 00:00:00 +0530 Fri, 14 Jan 2022 08:36:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300134 The Tribunal dismissed the appeal against the reopening of assessment as the ground was not pressed by the Ld. AR. However, in relation to the merit of the addition upheld for bogus purchases, the Tribunal directed the AO to restrict the disallowance to 5% of the alleged bogus purchases based on the disclosed GP rates and quantitative details provided by the assessee. Consequently, the appeals were allowed in part, providing relief to the assessee in the matter of disallowances related to bogus purchases. Case-Laws Income Tax Fri, 18 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300134