https://www.taxtmi.com/caselaws?id=373467 The Tribunal partially allowed the appeal, reducing the addition related to bogus purchases to 15% of the purchase value. This decision was made due to the lack of evidence provided by the assessee and the necessity to estimate the profit element in the transactions. The Tribunal considered the absence of proper documentation, despite the assessee exporting materials, as a factor in the decision. en-us Mon, 01 Oct 2018 00:00:00 +0530 Mon, 14 Jan 2019 07:34:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373467 The Tribunal partially allowed the appeal, reducing the addition related to bogus purchases to 15% of the purchase value. This decision was made due to the lack of evidence provided by the assessee and the necessity to estimate the profit element in the transactions. The Tribunal considered the absence of proper documentation, despite the assessee exporting materials, as a factor in the decision. Case-Laws Income Tax Mon, 01 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373467