https://www.taxtmi.com/caselaws?id=166370 The Tribunal dismissed cross appeals of both the Revenue and the assessee for two assessment years, upholding the CIT(A)'s decision to add 30% of the purchase cost as reasonable to cover the gains of the appellant. The Tribunal found no merit in the grounds raised by both parties, confirming the rejection of book results and the addition on account of bogus purchases. en-us Thu, 13 Jan 2011 00:00:00 +0530 Fri, 19 Sep 2014 16:07:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166370 The Tribunal dismissed cross appeals of both the Revenue and the assessee for two assessment years, upholding the CIT(A)'s decision to add 30% of the purchase cost as reasonable to cover the gains of the appellant. The Tribunal found no merit in the grounds raised by both parties, confirming the rejection of book results and the addition on account of bogus purchases. Case-Laws Income Tax Thu, 13 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166370