Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2022 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (6) TMI 366 - AT - Income TaxEstimation of income - Bogus purchases - Assessee failed to discharge his onus of proving the purchases - CIT-A Granting part relief by making addition of 25% of the bogus purchases - HELD THAT:- Argument of the Revenue is misconceived because even the AO has not applied any legal yardstick by conducting any enquiry rather proceeded to rely upon the information sent by Sales Tax Department of Maharashtra and made adhoc additions. Identical issue has also been decided in case of JK Surface Coatings Pvt. Ltd. [2021 (10) TMI 1323 - BOMBAY HIGH COURT]. Thus we are of the considered view that the Ld. CIT(A) has legally and validly decided the issue and finding no illegality or perversity in the same, appeal filed by the Revenue is hereby dismissed.
|