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2021 (2) TMI 1007 - AT - Income TaxEstimation of income - Bogus purchases - CIT(A) erred in restricting the disallowance of purchases to 12.5% - HELD THAT:- CIT(A) considered this aspect of the matter elaborately with reference to the submissions of the assessee and the averments in the Assessment Order and following the decision of Hon'ble Gujarat High Court in the case of CIT v. Simit P. Sheth [2013 (10) TMI 1028 - GUJARAT HIGH COURT] restricted the disallowance to 12.5% of the non-genuine purchases. No infirmity in the order passed by the Ld.CIT(A) in restricting the addition/disallowance to the extent of 12.5% of the purchases. Grounds raised by the revenue are dismissed.
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