https://www.taxtmi.com/caselaws?id=352802 The Tribunal upheld the CIT(A)'s decision to limit the addition of alleged bogus purchases to 15% of total purchases, rejecting the revenue's appeal. The Tribunal emphasized the genuineness of the purchases for the construction projects, supported by audited accounts and banking transactions. It found no basis to interfere with the CIT(A)'s order, highlighting the reasonableness of the reduced addition and the legal principles governing such cases. The dismissal of the revenue's appeal confirmed the adequacy of the CIT(A)'s order in addressing the disputed additions related to the alleged bogus purchases. en-us Mon, 01 May 2017 00:00:00 +0530 Thu, 21 Dec 2017 11:38:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352802 The Tribunal upheld the CIT(A)'s decision to limit the addition of alleged bogus purchases to 15% of total purchases, rejecting the revenue's appeal. The Tribunal emphasized the genuineness of the purchases for the construction projects, supported by audited accounts and banking transactions. It found no basis to interfere with the CIT(A)'s order, highlighting the reasonableness of the reduced addition and the legal principles governing such cases. The dismissal of the revenue's appeal confirmed the adequacy of the CIT(A)'s order in addressing the disputed additions related to the alleged bogus purchases. Case-Laws Income Tax Mon, 01 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352802