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2019 (6) TMI 1722 - ITAT MUMBAIEstimation of income - bogus purchases - CIT(A) reduced the same to 5% - HELD THAT:- As decided in M Haji Adam & Co [2019 (2) TMI 1632 - BOMBAY HIGH COURT] the addition in respect of bogus purchases is to be limited to the extent of bringing the gross profit rate on such purchases at the same rate as of other genuine purchases. Thus respectfully following the aforesaid judgement of the honourable High Court set aside the matter to the fife of the assessing officer with the direction to restrict the addition as regards the bogus purchases by bringing the gross profit rate on such bogus purchases at the same rate as that of the other genuine purchases.
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