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2023 (9) TMI 1174 - HC - Income TaxEstimation of income - bogus purchases - ITAT reduced the disallowance from 12.5% to 6% - Tribunal noted that the issue under consideration was squarely covered by the judgement of the coordinate bench in the case of Pankaj A Chaudhary [2023 (3) TMI 1402 - GUJARAT HIGH COURT] wherein the coordinate bench at Surat had sustained the addition at the rate of 6% of bogus purchases - HELD THAT:- The view taken and the conclusion arrived at by the appellant Tribunal in case supra are based on material before it and after analysing the facts and figure available before it. When the Tribunal has thought it fit to reduce the disallowance at 6% from 12.5%, the Tribunal had before it the facts which were duly analysed by it. No interference is called for in the said conclusion and findings of the Tribunal in the present appeal by this court. No substantial question of law arises
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