https://www.taxtmi.com/caselaws?id=419988 The Tribunal upheld the validity of the Assessing Officer's assumption of jurisdiction for reopening under Section 147 of the Income Tax Act based on information from the investigation wing, citing previous court decisions. The Tribunal dismissed the appeal, sustaining the addition of 6% of disputed purchases treated as non-genuine, emphasizing consistency and preventing revenue leakage. The Tribunal's decision aligned with legal precedents and was announced on 10th March 2022. en-us Thu, 10 Mar 2022 00:00:00 +0530 Wed, 23 Mar 2022 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419988 The Tribunal upheld the validity of the Assessing Officer's assumption of jurisdiction for reopening under Section 147 of the Income Tax Act based on information from the investigation wing, citing previous court decisions. The Tribunal dismissed the appeal, sustaining the addition of 6% of disputed purchases treated as non-genuine, emphasizing consistency and preventing revenue leakage. The Tribunal's decision aligned with legal precedents and was announced on 10th March 2022. Case-Laws Income Tax Thu, 10 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419988