https://www.taxtmi.com/caselaws?id=289518 The Appellate Tribunal partly allowed the appeal by reducing the estimated additions made by the Income Tax Officer against alleged bogus purchases. The Tribunal considered the nature of the business and the failure to substantiate delivery of material, ultimately reducing the additions to 2% of the alleged bogus purchases. The balance addition was deleted, and the appeal was allowed in favor of the assessee. en-us Fri, 12 Apr 2019 00:00:00 +0530 Tue, 04 Aug 2020 20:13:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289518 The Appellate Tribunal partly allowed the appeal by reducing the estimated additions made by the Income Tax Officer against alleged bogus purchases. The Tribunal considered the nature of the business and the failure to substantiate delivery of material, ultimately reducing the additions to 2% of the alleged bogus purchases. The balance addition was deleted, and the appeal was allowed in favor of the assessee. Case-Laws Income Tax Fri, 12 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289518