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2017 (9) TMI 1805 - AT - Income TaxBogus purchases - G.P. estimation - non-appearance of the suppliers before the AO to verify the purchases - HELD THAT:- The issue in controversy is covered by the decision of Tribunal in the case of M/s. Geolife Organics & ors. [2017 (5) TMI 1101 - ITAT MUMBAI] and in the case of M/s. Allied Blenders and Distillers Pvt. Ltd. [2017 (2) TMI 1128 - ITAT MUMBAI] held that when purchases are supported by sufficient documentary evidences then merely because of non-appearance before the AO, one cannot conclude that the purchases were not made by the assessee. Thus estimate the GP @ 2%.
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