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2018 (6) TMI 1595 - HC - Income TaxBogus purchases - Tribunal restricting the addition to 25% of the value of alleged purchases after categorically finding it to be bogus - HELD THAT:- Revenue cannot be said to be aggrieved by the said decision of the Tribunal. However, the same shall be without prejudice to the rights and contentions of the Revenue in other appeals in which it is the case on behalf of the Revenue that in fact, there shall be disallowance of 100% of the total bogus purchases. Appeal admitted to consider the following question of law:- “Whether the Appellate Tribunal has erred in law and on facts of the case in restricting the addition to 25% of the value of alleged purchases after categorically finding it to be bogus?”
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