https://www.taxtmi.com/caselaws?id=387228 The Tribunal partly allowed the appeal, reducing the estimated rate of addition of alleged bogus purchases and deleting the balance addition. The addition was decreased to 12.5% of the purchases, resulting in a reduced addition of ? 1,43,821. The Tribunal found the initial estimation to be on the higher side and adjusted it based on the profit element in the transactions. The decision, pronounced on 11th September 2019, favored the assessee by partially allowing the appeal. en-us Wed, 11 Sep 2019 00:00:00 +0530 Sat, 19 Oct 2019 15:53:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387228 The Tribunal partly allowed the appeal, reducing the estimated rate of addition of alleged bogus purchases and deleting the balance addition. The addition was decreased to 12.5% of the purchases, resulting in a reduced addition of ? 1,43,821. The Tribunal found the initial estimation to be on the higher side and adjusted it based on the profit element in the transactions. The decision, pronounced on 11th September 2019, favored the assessee by partially allowing the appeal. Case-Laws Income Tax Wed, 11 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387228