https://www.taxtmi.com/caselaws?id=359106 Cross appeals were filed by the assessee and revenue against the CIT(A) order for A.Y.2010-11 regarding additions/deletions made on account of alleged bogus purchases. The AO's 25% addition was successively reduced by the CIT(A) and ITAT to 2% based on detailed evidence provided by the assessee, including purchase details, payment evidence, and sales matching. The ITAT dismissed the revenue's appeal and partially allowed the assessee's appeal, directing the AO to uphold the addition of 2% of bogus purchases. en-us Wed, 23 Aug 2017 00:00:00 +0530 Tue, 24 Apr 2018 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359106 Cross appeals were filed by the assessee and revenue against the CIT(A) order for A.Y.2010-11 regarding additions/deletions made on account of alleged bogus purchases. The AO's 25% addition was successively reduced by the CIT(A) and ITAT to 2% based on detailed evidence provided by the assessee, including purchase details, payment evidence, and sales matching. The ITAT dismissed the revenue's appeal and partially allowed the assessee's appeal, directing the AO to uphold the addition of 2% of bogus purchases. Case-Laws Income Tax Wed, 23 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359106