https://www.taxtmi.com/caselaws?id=290291 The Tribunal partly allowed the appeal against the Ld. Commissioner of Income-Tax (Appeals) order for AY 2009-10, reducing the addition of income from alleged bogus purchases. The reassessment proceedings were deemed valid, with the Tribunal lowering the estimated profit element from the disputed purchases due to lack of conclusive proof. The AO was directed to recalculate the appellant's income based on the revised profit estimation. en-us Wed, 05 Dec 2018 00:00:00 +0530 Fri, 18 Sep 2020 10:54:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290291 The Tribunal partly allowed the appeal against the Ld. Commissioner of Income-Tax (Appeals) order for AY 2009-10, reducing the addition of income from alleged bogus purchases. The reassessment proceedings were deemed valid, with the Tribunal lowering the estimated profit element from the disputed purchases due to lack of conclusive proof. The AO was directed to recalculate the appellant's income based on the revised profit estimation. Case-Laws Income Tax Wed, 05 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290291