https://www.taxtmi.com/highlights?id=33020 Bogus purchases - entire addition cannot be made. The only addition which can be made is only NP addition. In the instant case, the assessee has shown NP rate of 1.62% of total turnover. - AO directed to apply Net profit on above purchases at the rate of 6% - AT en-us Fri, 27 Jan 2017 08:59:19 +0530 Fri, 27 Jan 2017 08:59:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=33020 Bogus purchases - entire addition cannot be made. The only addition which can be made is only NP addition. In the instant case, the assessee has shown NP rate of 1.62% of total turnover. - AO directed to apply Net profit on above purchases at the rate of 6% - AT Highlights Income Tax Fri, 27 Jan 2017 08:59:19 +0530 https://www.taxtmi.com/highlights?id=33020