2022 (7) TMI 1157 - AT - Income Tax

Estimation of income - bogus purchases - HELD THAT:- We note that issue under consideration is squarely covered by the decision of the Co-ordinate Bench of this Tribunal in case of Pankaj K. Choudhary & others [2021 (10) TMI 653 - ITAT SURAT]. This Tribunal has taken a constant view and made disallowance @ 6% of bogus purchases.

As the issue is squarely covered by the decision of the Coordinate Bench, in the case of Pankaj Choudhary(supra), and there is no change in facts and law and the ld DR for the Revenue is unable to produce any material to controvert the aforesaid findings of the Coordinate Bench(supra), hence respectfully following the binding precedent, we allow Revenue`s appeal partly.