https://www.taxtmi.com/highlights?id=51026 Additions towards alleged bogus purchases - CIT(A) has taken one of the possible method for estimation of profit to settle dispute between the parties and also considering nature of industry and BEP rate has scaled down profit estimated by the AO to 3% on alleged bogus purchases. - Order of CIT(A) sustained. en-us Fri, 03 Jan 2020 10:40:01 +0530 Fri, 03 Jan 2020 10:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51026 Additions towards alleged bogus purchases - CIT(A) has taken one of the possible method for estimation of profit to settle dispute between the parties and also considering nature of industry and BEP rate has scaled down profit estimated by the AO to 3% on alleged bogus purchases. - Order of CIT(A) sustained. Highlights Income Tax Fri, 03 Jan 2020 10:40:01 +0530 https://www.taxtmi.com/highlights?id=51026