https://www.taxtmi.com/caselaws?id=769710 In a tax dispute involving alleged bogus purchases, the SC upheld the Income Tax Tribunal's assessment. The court validated the reopening of assessment under Section 147, confirmed additions for bogus purchases, and found no procedural irregularities. The tribunal's enhancement of additions from 5% to 6% was deemed within legal discretion. The appeal was dismissed, affirming the tribunal's original order and consistent with established legal principles in tax jurisprudence. en-us Mon, 24 Feb 2025 00:00:00 +0530 Mon, 10 Aug 2026 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769710 In a tax dispute involving alleged bogus purchases, the SC upheld the Income Tax Tribunal's assessment. The court validated the reopening of assessment under Section 147, confirmed additions for bogus purchases, and found no procedural irregularities. The tribunal's enhancement of additions from 5% to 6% was deemed within legal discretion. The appeal was dismissed, affirming the tribunal's original order and consistent with established legal principles in tax jurisprudence. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769710