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2023 (9) TMI 382 - ITAT SURAT
Estimation of income - Bogus purchases - CIT(A) restricted the addition on bogus purchases at the rate of 25% of total purchase - HELD THAT:- As the issue is squarely covered by the decision of Pankaj K. Chaudhary [2021 (10) TMI 653 - ITAT SURAT] wherein Tribunal held that in respect of bogus purchases, the addition @ 6% of bogus purchases is fair and reasonable.
There is no change in facts and law and the Revenue is unable to produce any material to controvert the aforesaid findings of the Coordinate Bench (supra), find no reason to interfere in the said order of the Coordinate Bench, therefore, direct the AO to make addition @ 6% of bogus purchases. Appeal filed by the assessee is partly allowed.