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2019 (4) TMI 195 - AT - Income TaxBogus purchases - disallowance at the rate of 10% towards gross profits - HELD THAT:- Referring to M/s. Chhabi Electricals Pvt. Ltd. and others [2017 (6) TMI 514 - ITAT PUNE] we are of the opinion that the addition by way of estimation is to be made in the hands of the assessee at the rate of 10% of the alleged bogus purchases in both the assessment years uniformly. This is over and above the net profit shown by the assessee in both the assessment years. Accordingly, the grounds raised by the assessee are partly allowed.
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