https://www.taxtmi.com/caselaws?id=358579 The Tribunal partly allowed the appeals, directing the AO to estimate the profit element in alleged bogus purchases at adjusted GP ratios, while maintaining the additional income declared by the assessee. The AO was instructed to restrict the disallowance to 3.7% for AY 2006-07 and 3.37% for AY 2007-08. The order was pronounced on 19/03/2018. en-us Mon, 19 Mar 2018 00:00:00 +0530 Sat, 14 Apr 2018 07:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358579 The Tribunal partly allowed the appeals, directing the AO to estimate the profit element in alleged bogus purchases at adjusted GP ratios, while maintaining the additional income declared by the assessee. The AO was instructed to restrict the disallowance to 3.7% for AY 2006-07 and 3.37% for AY 2007-08. The order was pronounced on 19/03/2018. Case-Laws Income Tax Mon, 19 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358579