https://www.taxtmi.com/caselaws?id=376706 The Tribunal partially allowed the appeal of the assessee in a case concerning the confirmation of the addition of Rs. 34,25,000/- on account of bogus purchases for the assessment year 2010-11. The Tribunal upheld the addition of 10% of the bogus purchases over and above the Gross Profit shown by the assessee, based on detailed analysis and legal principles. This decision was in line with previous rulings and provided specific guidelines for determining the extent of addition in such cases. The assessee's appeal was partly allowed, with the order pronounced on 24th January 2019. en-us Thu, 24 Jan 2019 00:00:00 +0530 Fri, 15 Mar 2019 08:26:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376706 The Tribunal partially allowed the appeal of the assessee in a case concerning the confirmation of the addition of Rs. 34,25,000/- on account of bogus purchases for the assessment year 2010-11. The Tribunal upheld the addition of 10% of the bogus purchases over and above the Gross Profit shown by the assessee, based on detailed analysis and legal principles. This decision was in line with previous rulings and provided specific guidelines for determining the extent of addition in such cases. The assessee's appeal was partly allowed, with the order pronounced on 24th January 2019. Case-Laws Income Tax Thu, 24 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376706