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2021 (12) TMI 1080 - AT - Income TaxEstimation of income - bogus purchases - HELD THAT:- Assessee was indulged in obtaining accommodation entries/ bogus purchases and had not cooperated before the A.O. by providing the relevant details, some addition has to be made. However, 25% of the bogus purchases estimated by the Ld. CIT(A) under the facts and circumstances of this case appears to be on higher side - restrict the same to 12.5% of the bogus purchases made by the assessee which is to be added to the total income of the assessee. Thus, the order of the Ld. CIT(A) is modified and addition is restricted to 12.5% of the bogus purchases - Decided in favour of assessee in part .
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