https://www.taxtmi.com/caselaws?id=432107 The appeal was dismissed as the appellant failed to provide irrefutable evidence that the purchases were genuine, leading to the upheld decision of the Assessing Officer to disallow the purchases. The Tribunal upheld the initiation of proceedings under Sec. 147, rejecting the appellant's claims regarding the jurisdiction of the A.O and the approval for reopening, emphasizing the A.O's bonafide belief and independent application of mind supported by available material. en-us Mon, 26 Dec 2022 00:00:00 +0530 Wed, 28 Dec 2022 08:21:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432107 The appeal was dismissed as the appellant failed to provide irrefutable evidence that the purchases were genuine, leading to the upheld decision of the Assessing Officer to disallow the purchases. The Tribunal upheld the initiation of proceedings under Sec. 147, rejecting the appellant's claims regarding the jurisdiction of the A.O and the approval for reopening, emphasizing the A.O's bonafide belief and independent application of mind supported by available material. Case-Laws Income Tax Mon, 26 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432107