https://www.taxtmi.com/highlights?id=51373 Revision u/s 263 - Bogus purchases - AO making disallowance @ 12.5% - the decision of the Assessing Officer in making addition applying the profit rate is in consonance with various judicial precedents available on the issue. - it cannot be considered to be an erroneous view as it is a possible view. en-us Thu, 23 Jan 2020 08:40:59 +0530 Thu, 23 Jan 2020 08:40:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51373 Revision u/s 263 - Bogus purchases - AO making disallowance @ 12.5% - the decision of the Assessing Officer in making addition applying the profit rate is in consonance with various judicial precedents available on the issue. - it cannot be considered to be an erroneous view as it is a possible view. Highlights Income Tax Thu, 23 Jan 2020 08:40:59 +0530 https://www.taxtmi.com/highlights?id=51373