https://www.taxtmi.com/caselaws?id=386305 The ITAT dismissed all appeals by the revenue and cross objections by the assessee, affirming the CIT(A)'s decision to restrict the addition for bogus purchases to 12.5% of such purchases for the assessment years 2008-09 to 2010-11. The judgment emphasized the detailed analysis of evidence regarding purchases from KIL/SCIL, discrepancies in delivery proof, and price differentials. The CIT(A) considered the appellant's maintained records and directed the AO to estimate the addition based on the declared G.P. ratio, supported by judicial precedents. en-us Wed, 18 Sep 2019 00:00:00 +0530 Thu, 26 Sep 2019 06:57:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386305 The ITAT dismissed all appeals by the revenue and cross objections by the assessee, affirming the CIT(A)'s decision to restrict the addition for bogus purchases to 12.5% of such purchases for the assessment years 2008-09 to 2010-11. The judgment emphasized the detailed analysis of evidence regarding purchases from KIL/SCIL, discrepancies in delivery proof, and price differentials. The CIT(A) considered the appellant's maintained records and directed the AO to estimate the addition based on the declared G.P. ratio, supported by judicial precedents. Case-Laws Income Tax Wed, 18 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386305