https://www.taxtmi.com/caselaws?id=776493 The ITAT Mumbai upheld the reopening of the assessment based on information from the Sales Tax Department regarding bogus purchases from fictitious dealers. The assessee failed to provide any evidence to substantiate the purchases or sundry creditors despite multiple notices and opportunities before the AO, CIT(A), and the tribunal. Consequently, the AO disallowed 100% of the purchases and added the entire sundry creditors. The tribunal found no merit in the assessee's appeal against these additions or the validity of the reopening, holding that mere information suggesting escapement of income suffices for reopening. The appeal was dismissed. en-us Thu, 24 Jul 2025 00:00:00 +0530 Tue, 12 Aug 2025 08:32:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776493 The ITAT Mumbai upheld the reopening of the assessment based on information from the Sales Tax Department regarding bogus purchases from fictitious dealers. The assessee failed to provide any evidence to substantiate the purchases or sundry creditors despite multiple notices and opportunities before the AO, CIT(A), and the tribunal. Consequently, the AO disallowed 100% of the purchases and added the entire sundry creditors. The tribunal found no merit in the assessee's appeal against these additions or the validity of the reopening, holding that mere information suggesting escapement of income suffices for reopening. The appeal was dismissed. Case-Laws Income Tax Thu, 24 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776493