2022 (10) TMI 943 - AT - Income Tax

Estimation of income - bogus purchases - HELD THAT:- We note that the issue is squarely covered by the decision in the case of Pankaj K. Choudhary [2019 (8) TMI 1769 - ITAT SURAT] and there is no change in facts and law, therefore respectfully following the binding precedent, we direct the AO to sustain the addition at the rate of 6% of bogus purchases. Hence, we dismiss the appeal of the assessee and we allow the appeals of the Revenues partly.