https://www.taxtmi.com/caselaws?id=394017 The ITAT Kolkata allowed the appeal against the Ld. CIT(A)'s order for AY 2011-12, leading to the deletion of the addition made by the AO for bogus purchases. The ITAT considered the assessee's declaration under IDS 2016 and concluded that no further addition was necessary, granting full relief to the assessee. The decision was based on the GP declared by the assessee and the acceptance of undisclosed income by the PCIT-16, ultimately resulting in the deletion of the addition and a favorable outcome for the assessee. en-us Wed, 05 Feb 2020 00:00:00 +0530 Sat, 28 Mar 2020 11:00:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394017 The ITAT Kolkata allowed the appeal against the Ld. CIT(A)'s order for AY 2011-12, leading to the deletion of the addition made by the AO for bogus purchases. The ITAT considered the assessee's declaration under IDS 2016 and concluded that no further addition was necessary, granting full relief to the assessee. The decision was based on the GP declared by the assessee and the acceptance of undisclosed income by the PCIT-16, ultimately resulting in the deletion of the addition and a favorable outcome for the assessee. Case-Laws Income Tax Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394017