High Court Upholds ITAT's Decision: 12.5% of Trader's Alleged Bogus Purchases Retained as Potential Profit. https://www.taxtmi.com/highlights?id=13016 Bogus Purchase - determinitation of income - Merely, it is pointed out that the assessee was a trader and ITAT retained 12.5% of the purchase towards its possible profit - no merit in appeal - HC en-us Tue, 11 Jun 2013 12:51:00 +0530 Tue, 11 Jun 2013 12:51:00 +0530 TaxTMI RSS Generator High Court Upholds ITAT's Decision: 12.5% of Trader's Alleged Bogus Purchases Retained as Potential Profit. https://www.taxtmi.com/highlights?id=13016 Bogus Purchase - determinitation of income - Merely, it is pointed out that the assessee was a trader and ITAT retained 12.5% of the purchase towards its possible profit - no merit in appeal - HC Highlights Income Tax Tue, 11 Jun 2013 12:51:00 +0530 https://www.taxtmi.com/highlights?id=13016