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2020 (11) TMI 904 - AT - Income TaxEstimation of income - Bogus purchases - disallowance of 12.5% of purchases as non-genuine/bogus - CIT-A restricting addition to 5% of purchases - HELD THAT:- CIT(A) followed the order of the Tribunal in assessee’s own case for the earlier as well as subsequent assessment years on identical issue and decided partly in favour of the assessee by directing the AO to estimate the profit element in alleged non-genuine purchases at 5%, facts being similar, we do not find any infirmity in the order passed by the Ld.CIT(A) in restricting the addition to 5% of the value of purchases made. Grounds raised by the revenue are dismissed.
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