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2022 (12) TMI 1439 - AT - Income TaxEstimation of income - bogus purchases - addition sustained by the ld. CIT(A) at the rate of 5% of bogus purchases - HELD THAT- We note that the issue under consideration is squarely covered by the judgement of the Co-ordinate Bench in the case of Pankaj K. Chaudhary [2021 (10) TMI 653 - ITAT SURAT] wherein the Co-ordinate Bench of Surat has sustained the addition at the rate of 6% of bogus purchases. Thus we dismiss the appeals of the assessees and we allow the appeals of the Revenue partly.
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