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2022 (6) TMI 753 - Income Tax
Head Note / Extract:
Estimation of income - bogus purchases - ITAT confirmed the addition to the extent of 15% and the entire purchases should have been taken into account - HELD THAT:- As in group appeal [2019 (2) TMI 1632 - BOMBAY HIGH COURT] in identical fact situation observed that the purchases could not be rejected without disturbing the sales in case of a trader. After observing as above, this Court dismissed the Appeal. Appellant-Revenue fairly pointed out that this decision will apply to the fact of the present case. In light of the observation of the Division Bench as above, the order passed by the Tribunal cannot be faulted. No question of law, therefore, arises for consideration. Appeal dismissed.