https://www.taxtmi.com/caselaws?id=280968 The Tribunal upheld the Ld.CIT(A)'s decision to limit the addition to 6% of alleged bogus purchases for A.Y. 2010-11 under section 143(3) r.w.s. 147 of the I.T Act. Despite the Revenue's appeal, the Tribunal found the AO's reliance on Sales Tax department information insufficient to deem all purchases bogus, especially when corresponding sales were accepted. Emphasizing the need for evidence and legal precedent, the Tribunal dismissed the Revenue's appeal, affirming the 6% addition as justified based on the available facts. en-us Tue, 07 Nov 2017 00:00:00 +0530 Wed, 29 May 2019 06:54:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280968 The Tribunal upheld the Ld.CIT(A)'s decision to limit the addition to 6% of alleged bogus purchases for A.Y. 2010-11 under section 143(3) r.w.s. 147 of the I.T Act. Despite the Revenue's appeal, the Tribunal found the AO's reliance on Sales Tax department information insufficient to deem all purchases bogus, especially when corresponding sales were accepted. Emphasizing the need for evidence and legal precedent, the Tribunal dismissed the Revenue's appeal, affirming the 6% addition as justified based on the available facts. Case-Laws Income Tax Tue, 07 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280968