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2017 (9) TMI 1886 - AT - Income TaxBogus purchases - Addition based on information received from the Sales tax department - CIT(A) sustained the rate of 12.50%, but the directed the AO to reduce the GP already declared by the assessee on the impugned purchases - HELD THAT:- As perused the order passed by the division bench in the assessee’s own case for AY 2009-10 [2017 (5) TMI 1101 - ITAT MUMBAI]. Since the facts are identical, consistent with the view taken therein, modify the order passed by Ld CIT(A) and direct the AO to restrict the addition to 2% of the value of alleged bogus purchases. Appeal filed by the assessee is partly allowed.
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