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2018 (11) TMI 1898 - AT - Income TaxEstimation of income - bogus purchases - Addition sustained by Ld. CIT(A) to the tune of 25% of the total bogus purchases - HELD THAT:- We find that the AO has not disputed the consumption of material in the development of property meaning thereby that assessee might have purchased the goods from the grey market and under these circumstances it is only the percentage of the total such purchases has to be brought to tax. The Ld. CIT(A) sustained the addition at 25% which is quite unreasonable and on the higher side - we find from the perusal of the orders of co-ordinate bench of the Tribunal in the case of Adeshwer [2018 (2) TMI 1785 - ITAT MUMBAI] that the Tribunal in group concerns restricted the addition to 3% of the total such purchases. We, therefore, respectfully following the said orders of the co-ordinate bench of the Tribunal direct the AO to make the addition at the rate of 3% of such bogus purchases. Appeals of the assessee are partly allowed
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