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2019 (7) TMI 1595 - AT - Income TaxBogus purchases - Addition @12.5% towards embedded profits in these bogus purchases - HELD THAT:- Factual matrix in the impugned assessment year AY 2010-11 is similar to that prevailing in AY 2009-10 and we did not find any reason to deviate from detailed and well reasoned order passed by tribunal for the immediately preceding year viz. AY 2009-10 in assesses own case[2017 (12) TMI 858 - ITAT MUMBAI] thus Respectfully following the aforesaid decision of the tribunal we are upholding additions to the income of the assessee to the tune of 12.5% of Bogus Purchases towards embedded profits in these bogus purchases which was suppressed by the assessee which additions shall be in addition to the income declared by assessee .We are guided by the decision of Hon’ble Supreme Court in the case of Radhasoami Satsang v. CIT [1991 (11) TMI 2 - SUPREME COURT] so as to maintain consistency and judicial discipline by following preceding year decision of tribunal - Decided against revenue
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