https://www.taxtmi.com/caselaws?id=372046 The appeals by separate assessees challenging disallowance of alleged bogus purchases and estimation of additions against suspicious purchases were partly allowed. The estimated additions against the alleged bogus purchases were reduced to 7% from the initial 14.84%, modifying the first appellate authority's orders. The ITAT considered the nature of the assessee's business and past orders, leading to a reduction in the additions. en-us Wed, 26 Sep 2018 00:00:00 +0530 Mon, 17 Dec 2018 06:38:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372046 The appeals by separate assessees challenging disallowance of alleged bogus purchases and estimation of additions against suspicious purchases were partly allowed. The estimated additions against the alleged bogus purchases were reduced to 7% from the initial 14.84%, modifying the first appellate authority's orders. The ITAT considered the nature of the assessee's business and past orders, leading to a reduction in the additions. Case-Laws Income Tax Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372046