Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2023 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (10) TMI 1279 - AT - Income TaxEstimation of income - bogus purchases - CIT(A) determined the disallowance @ 4.5% of the alleged purchase instead of 12.5% determined by the AO - HELD THAT:- We find that the order of the Ld. CIT(A) is cogent based on the facts and placing reliance on the various judgments of Vijay Protein Ltd. [1996 (1) TMI 144 - ITAT AHMEDABAD-C] and N.K. Proteins Ltd. [2003 (1) TMI 228 - ITAT AHMEDABAD-C], Presdient Industries [1999 (4) TMI 8 - GUJARAT HIGH COURT] and Balchand Ajit Kumar [2003 (4) TMI 76 - MADHYA PRADESH HIGH COURT] We decline in interfere with the order of the Ld. CIT(A). Appeal of the Assessee is dismissed.
|