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2023 (7) TMI 337 - ITAT MUMBAIAssessment u/s 153A - Bogus purchases - Whether incriminating documents found in search? - addition being 15% of the total bogus purchase - HELD THAT:- As in the absence of any incriminating material and by placing reliance on the decision of Continental Warehousing Corporation (NHAVA SHEVA) Ltd. [2015 (5) TMI 656 - BOMBAY HIGH COURT], Murli Agro Products Ltd. [2010 (10) TMI 1052 - BOMBAY HIGH COURT] and All Cargo Global Logistics [2015 (5) TMI 656 - BOMBAY HIGH COURT] we delete the impugned addition made by the A.O. and confirmed by the ld. CIT(A) and also restricted to 12.5% on bogus purchases by the Tribunal order. Hence, we allow the additional ground of appeal raised by the assessee.
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