https://www.taxtmi.com/caselaws?id=397119 In a dispute over alleged bogus purchase additions, the analysis noted that the assessee was a manufacturer, had recorded sales from the disputed purchases, paid VAT on the goods, and declared gross profit rates of 16.47% for A.Y. 2009-10, 12.75% for A.Y. 2010-11, and 14.88% for A.Y. 2011-12. The addition was stated to rest only on Sales Tax Department information. The reported treatment was that the full addition was deleted for A.Y. 2009-10 because gross profit exceeded 15%, while for A.Y. 2010-11 and A.Y. 2011-12 the addition was confined to the shortfall in gross profit below 15%, namely 2.25% and 0.12% respectively. en-us Mon, 13 Jul 2020 00:00:00 +0530 Tue, 04 Aug 2020 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397119 In a dispute over alleged bogus purchase additions, the analysis noted that the assessee was a manufacturer, had recorded sales from the disputed purchases, paid VAT on the goods, and declared gross profit rates of 16.47% for A.Y. 2009-10, 12.75% for A.Y. 2010-11, and 14.88% for A.Y. 2011-12. The addition was stated to rest only on Sales Tax Department information. The reported treatment was that the full addition was deleted for A.Y. 2009-10 because gross profit exceeded 15%, while for A.Y. 2010-11 and A.Y. 2011-12 the addition was confined to the shortfall in gross profit below 15%, namely 2.25% and 0.12% respectively. Case-Laws Income Tax Mon, 13 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397119