https://www.taxtmi.com/caselaws?id=463537 ITAT upheld the reassessment under section 147 and rejected invocation of section 153C, finding no satisfaction note or handing over of seized material to satisfy 153C prerequisites. The Tribunal declined the appellant's plea to reduce additions for alleged bogus purchases, refusing to disturb the estimation of suppressed income made by CIT(A) and dismissing the cross-objection. Reliance on departmental investigation material justified reopening under section 147, and the Tribunal dismissed the appellant's grounds challenging that reopening. en-us Mon, 25 Nov 2024 00:00:00 +0530 Fri, 05 Sep 2025 15:38:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463537 ITAT upheld the reassessment under section 147 and rejected invocation of section 153C, finding no satisfaction note or handing over of seized material to satisfy 153C prerequisites. The Tribunal declined the appellant's plea to reduce additions for alleged bogus purchases, refusing to disturb the estimation of suppressed income made by CIT(A) and dismissing the cross-objection. Reliance on departmental investigation material justified reopening under section 147, and the Tribunal dismissed the appellant's grounds challenging that reopening. Case-Laws Income Tax Mon, 25 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463537