https://www.taxtmi.com/highlights?id=51444 Bogus purchases - CIT- A estimated profit from Hawala purchases by disallowing only 12.5% of the bogus purchases - Anyhow, on seeing the facts and circumstances, it seems quite justifiable to restrict the addition to the extent of 12.5% of the bogus purchase. en-us Mon, 27 Jan 2020 05:33:12 +0530 Mon, 27 Jan 2020 05:33:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51444 Bogus purchases - CIT- A estimated profit from Hawala purchases by disallowing only 12.5% of the bogus purchases - Anyhow, on seeing the facts and circumstances, it seems quite justifiable to restrict the addition to the extent of 12.5% of the bogus purchase. Highlights Income Tax Mon, 27 Jan 2020 05:33:12 +0530 https://www.taxtmi.com/highlights?id=51444