Section 147 Bogus Purchase Addition Deleted; Tribunal Upholds GST Records

Akbar Ali Vs JAO (ITAT Chandigarh) No Evidence, No 147- Third party Statement Alone Cannot Justify Reopening – Reopening on Vague Search Information Quashed: ITAT Deletes Bogus Purchase Allegation Assessee, proprietor of A.R. Steels (India), filed appeal against CIT(A)/NFAC order sustaining addition of Rs.43,17,081/- as alleged bogus purchases from M/s G.S. Industries. AO reopened assessment u/s 147 relying solely on information from DCIT, Central Circle, Patiala based on search u/s 132 in the Deepak Sharma Group, wherein proprietor Deepak Sharma allegedly admitted that his group issued...