https://www.taxtmi.com/highlights?id=32897 Estimation of profit @ 8% on the alleged bogus purchases - the assessee has failed to prove beyond doubt that the purchases made from the concerned parties are genuine, there is no other option but to estimate the profit element embedded in the bogus purchases - AT en-us Wed, 18 Jan 2017 08:46:02 +0530 Wed, 18 Jan 2017 08:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=32897 Estimation of profit @ 8% on the alleged bogus purchases - the assessee has failed to prove beyond doubt that the purchases made from the concerned parties are genuine, there is no other option but to estimate the profit element embedded in the bogus purchases - AT Highlights Income Tax Wed, 18 Jan 2017 08:46:02 +0530 https://www.taxtmi.com/highlights?id=32897