https://www.taxtmi.com/highlights?id=52300 Bogus purchases - estimation of profit of 17.5% on the total alleged bogus purchases and thereafter, to delete the balance amount of addition - merely because the suppliers had not appeared before the Assessing Officer, no conclusion could be arrived at that the purchases were not made by the assessee - Relief granted to assessee by the CIT(A) and ITAT confirmed - HC en-us Thu, 12 Mar 2020 12:14:31 +0530 Thu, 12 Mar 2020 12:14:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52300 Bogus purchases - estimation of profit of 17.5% on the total alleged bogus purchases and thereafter, to delete the balance amount of addition - merely because the suppliers had not appeared before the Assessing Officer, no conclusion could be arrived at that the purchases were not made by the assessee - Relief granted to assessee by the CIT(A) and ITAT confirmed - HC Highlights Income Tax Thu, 12 Mar 2020 12:14:31 +0530 https://www.taxtmi.com/highlights?id=52300