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2020 (11) TMI 255 - AT - Income TaxEstimation of expenses - bogus purchases - computing the profit for the purpose of section 28 of the I.T. Act, 1961 taking in to consideration the bogus bills against which no goods have been received - CIT(A) erred in restricting the addition to @6.5% of total bogus purchases - HELD THAT:- On a perusal of the order of the Ld.CIT(A), we find that the Ld.CIT(A) considered this aspect of the matter elaborately with reference to the submissions of the assessee and the averments in the Assessment Order and restricted the disallowance to 6.5% of the non-genuine purchases - No infirmity in the order passed by the Ld.CIT(A) in restricting the addition/disallowance to the extent of 6.5% of the purchases. Grounds raised by the revenue are dismissed.
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