https://www.taxtmi.com/caselaws?id=778638 ITAT upheld the assessment re-opening under sections 147/148 and sustained a partial addition for alleged bogus purchases. The tribunal found the assessee failed to prove genuineness of purchases from the supplier and accepted CIT(A)'s estimation of gross profit at 19.93% on those purchases, resulting in an addition of Rs. 2,01,91,047; other additions were deleted. ITAT held the reassessment complied with procedural requirements, rejected the assessee's change-of-opinion and procedural objections, and dismissed the revenue's appeal to the extent challenged. en-us Wed, 17 Sep 2025 00:00:00 +0530 Wed, 22 Jul 2026 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778638 ITAT upheld the assessment re-opening under sections 147/148 and sustained a partial addition for alleged bogus purchases. The tribunal found the assessee failed to prove genuineness of purchases from the supplier and accepted CIT(A)'s estimation of gross profit at 19.93% on those purchases, resulting in an addition of Rs. 2,01,91,047; other additions were deleted. ITAT held the reassessment complied with procedural requirements, rejected the assessee's change-of-opinion and procedural objections, and dismissed the revenue's appeal to the extent challenged. Case-Laws Income Tax Wed, 17 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778638