https://www.taxtmi.com/caselaws?id=353288 The tribunal upheld the CIT(A)'s orders, restricting additions to the profit element of alleged bogus purchases at 12.5% for A.Ys 2008-09, 2009-10, and 2010-11. The appeals challenging the quantum of purchases and validity of the CIT(A)'s orders were dismissed, with the tribunal deeming the CIT(A)'s approach reasonable and legally sound. The consolidated order for all three assessment years resulted in consistent findings and conclusions, ultimately upholding the CIT(A)'s decisions and dismissing the assessee's appeals. en-us Wed, 27 Dec 2017 00:00:00 +0530 Mon, 01 Jan 2018 06:01:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353288 The tribunal upheld the CIT(A)'s orders, restricting additions to the profit element of alleged bogus purchases at 12.5% for A.Ys 2008-09, 2009-10, and 2010-11. The appeals challenging the quantum of purchases and validity of the CIT(A)'s orders were dismissed, with the tribunal deeming the CIT(A)'s approach reasonable and legally sound. The consolidated order for all three assessment years resulted in consistent findings and conclusions, ultimately upholding the CIT(A)'s decisions and dismissing the assessee's appeals. Case-Laws Income Tax Wed, 27 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353288