https://www.taxtmi.com/caselaws?id=432091 The Revenue's appeal was dismissed due to low tax effect below the prescribed limit. The validity of reopening assessment under section 147 was upheld based on credible new information. The addition for bogus purchases was sustained at 6% following precedent, reducing the initial amount. The Tribunal's decision was pronounced on 20/09/2022. en-us Tue, 20 Sep 2022 00:00:00 +0530 Tue, 27 Dec 2022 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432091 The Revenue's appeal was dismissed due to low tax effect below the prescribed limit. The validity of reopening assessment under section 147 was upheld based on credible new information. The addition for bogus purchases was sustained at 6% following precedent, reducing the initial amount. The Tribunal's decision was pronounced on 20/09/2022. Case-Laws Income Tax Tue, 20 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432091