https://www.taxtmi.com/caselaws?id=264243 The High Court upheld the decision of the Income Tax Appellate Tribunal to restrict additions made on account of alleged bogus purchases, following the legal precedent set in Vijay Proteins Ltd. v. Commissioner of Income Tax. The appellant's argument for reduced tax liability based on a 25% purchase value ratio was rejected, and the court found in favor of the revenue, dismissing the appeal for lacking merit. en-us Tue, 21 Jul 2015 00:00:00 +0530 Mon, 21 Sep 2015 10:54:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264243 The High Court upheld the decision of the Income Tax Appellate Tribunal to restrict additions made on account of alleged bogus purchases, following the legal precedent set in Vijay Proteins Ltd. v. Commissioner of Income Tax. The appellant's argument for reduced tax liability based on a 25% purchase value ratio was rejected, and the court found in favor of the revenue, dismissing the appeal for lacking merit. Case-Laws Income Tax Tue, 21 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264243