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2019 (7) TMI 838 - HC - Income TaxBogus purchases - Tribunal said the addition should be restricted to 10% of the total purchases - HELD THAT:- What the Tribunal by the impugned Judgment held is that the Department had not rejected the instance of the purchases since the sales out of purchase of such raw material was accounted for and accepted. With above position, the Tribunal applied the principle of taxing the profit embedded in such purchases covered by the bogus bills, instead of disallowing the entire expenditure. We do not find any error in the view of the Tribunal. No question of law arises. Enhancement of GP - ITAT deleting the enhancement of GP made by the CIT(A) from 2.59% to 6.00% of the turnover of ₹ 151 crores thereby giving undue relief of ₹ 4.92 Crores to the assessee - HELD THAT:- Tribunal noted that there was no material to discard the Assessee's book results. No incriminating material or evidence of the Assessee's transactions outside the books have been brought on record. It was under these circumstance, the Tribunal deleted the addition made by the CIT (Appeals). We do not find any error in the view of the Tribunal. There was no evidence on record to disturb the Assessee's book results. No question of law arises. The Income Tax Appeal is dismissed.
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