Reopening Validity u/s 148: Examining Bogus Purchases and Hawala Operators in Income Tax Assessment.

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....Validity of reopening u/s.148 - Addition of bogus purchases - there was a categorical information wherein the assessee’s name was appearing along with details of the parties from whom the assessee has made purchases which were found to be Hawala operator providing accommodation bogus bills. - Additions to be made at GP rate. - AT....