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2019 (1) TMI 1970 - AT - Income TaxEstimation of income - Bogus purchases - HELD THAT:- We find that under the identical facts and in the case of assessee’s group concern, the coordinate bench of the Tribunal in the case of M/s Mahaavir Universal Homes Pvt. Ltd.[2018 (11) TMI 1898 - ITAT MUMBAI] has directed the AO to apply a GP rate of 3% to assess the bogus purchase under similar facts. We, therefore, respectfully following the same, direct the AO to apply the GP rate of 3% of the bogus purchase.
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