https://www.taxtmi.com/caselaws?id=442760 The Tribunal upheld the validity of the reopening of assessment based on credible information from the Investigation Wing regarding accommodation entries. Regarding the addition on account of bogus purchases, the Tribunal directed the Assessing Officer to make an addition of 6% of the bogus purchases, following precedents in similar cases. The revenue's appeal was dismissed, and the assessee's appeal was partly allowed. en-us Tue, 05 Sep 2023 00:00:00 +0530 Sat, 09 Sep 2023 09:37:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442760 The Tribunal upheld the validity of the reopening of assessment based on credible information from the Investigation Wing regarding accommodation entries. Regarding the addition on account of bogus purchases, the Tribunal directed the Assessing Officer to make an addition of 6% of the bogus purchases, following precedents in similar cases. The revenue's appeal was dismissed, and the assessee's appeal was partly allowed. Case-Laws Income Tax Tue, 05 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442760