https://www.taxtmi.com/caselaws?id=282951 The appeal was filed against an ex parte order of CIT(A)-37, Mumbai for the A.Y. 2007-08. The CIT(A) dismissed the appeal due to non-appearance of the assessee. The assessee sought consolidation of appeals, which was denied. The AO added entire purchase amount to income due to alleged bogus purchases from M/s Sun Diam and M/s Vatrag Jewels. The CIT(A) upheld this addition. The AO's reopening of assessment was deemed valid. However, the tribunal found adding entire purchase amount unjustified and restricted the addition to 12.5% of bogus purchases, partially allowing the appeal. en-us Thu, 27 Apr 2017 00:00:00 +0530 Sat, 31 Aug 2019 16:49:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282951 The appeal was filed against an ex parte order of CIT(A)-37, Mumbai for the A.Y. 2007-08. The CIT(A) dismissed the appeal due to non-appearance of the assessee. The assessee sought consolidation of appeals, which was denied. The AO added entire purchase amount to income due to alleged bogus purchases from M/s Sun Diam and M/s Vatrag Jewels. The CIT(A) upheld this addition. The AO's reopening of assessment was deemed valid. However, the tribunal found adding entire purchase amount unjustified and restricted the addition to 12.5% of bogus purchases, partially allowing the appeal. Case-Laws Income Tax Thu, 27 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282951