https://www.taxtmi.com/highlights?id=64876 Reopening of assessment u/s 147 - Bogus purchases - In view of failure on the part of the assessee in substantiating the purchases from those two parties, the Assessing Officer in background of the information in investigation report, interalia, those parties were engaged in providing accommodation entries, without physical delivery of goods, held the purchases from those two parties as bogus purchases. - Additions confirmed - AT en-us Sat, 30 Jul 2022 19:25:12 +0530 Sat, 30 Jul 2022 19:25:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64876 Reopening of assessment u/s 147 - Bogus purchases - In view of failure on the part of the assessee in substantiating the purchases from those two parties, the Assessing Officer in background of the information in investigation report, interalia, those parties were engaged in providing accommodation entries, without physical delivery of goods, held the purchases from those two parties as bogus purchases. - Additions confirmed - AT Highlights Income Tax Sat, 30 Jul 2022 19:25:12 +0530 https://www.taxtmi.com/highlights?id=64876