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2017 (8) TMI 847 - AT - Income TaxAdditions towards bogus purchases - parties have not responded to the notice u/s 133(6) - information received from Investigation Wing of Income-tax Department - non actual delivery of goods - Reopening of assessment - Held that:- We find that a similar issue has been arisen for our consideration in the case of M/s Fagioli India Pvt Ltd [2017 (8) TMI 747 - ITAT MUMBAI] under similar circumstances has considered the issue and after analysing the facts of the case and also by relying upon certain judicial precedents has directed the AO to estimate net profit at 12.5% on alleged bogus purchases. Thus we direct the AO to estimate net profit at 12.5% on the alleged bogus purchases. Appeal filed by the assessee is partly allowed
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