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2016 (12) TMI 550 - AT - Income TaxTrading addition - bogus purchases - CIT(A) restricting the trading addition to ₹ 7,85,442/- on bogus purchases as against the trading addition of ₹ 57,28,311/- on the basis of GP rate applied by the ld Assessing Officer @ 8.32% on total sale - Held that:- The Coordinate Bench in the case of assessee for A.Y. 2008-09 [2015 (4) TMI 533 - ITAT JAIPUR ] has decided this issue in the case of assessee by applying NP rate @ 15% on unverifiable purchases and had not found applicable average GP rate applied by the ld Assessing Officer. Thus, we do not find any reason to intervene in the order of the ld CIT(A). Accordingly, we confirm the order of the ld CIT(A). - Decided against revenue
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