https://www.taxtmi.com/caselaws?id=798366 Reopening proceedings raised the issue whether reasons to believe rested on borrowed satisfaction or the assessing authority's independent satisfaction, concerning expense disallowances for purchases treated as bogus. The Supreme Court dismissed the SLP after condoning delay, finding no ground to interfere with the High Court judgment and order. The challenge to the reopening and related disallowances therefore did not proceed further before the Supreme Court. en-us Thu, 03 Sep 2026 00:00:00 +0530 Sat, 05 Sep 2026 08:44:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798366 Reopening proceedings raised the issue whether reasons to believe rested on borrowed satisfaction or the assessing authority's independent satisfaction, concerning expense disallowances for purchases treated as bogus. The Supreme Court dismissed the SLP after condoning delay, finding no ground to interfere with the High Court judgment and order. The challenge to the reopening and related disallowances therefore did not proceed further before the Supreme Court. Case-Laws Income Tax Thu, 03 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798366