https://www.taxtmi.com/caselaws?id=402449 In ITA No. 3526/MUM/2019 for the Assessment Year 2011-12, the Tribunal upheld the CIT(A)'s decision to restrict the addition of alleged bogus purchases to 12.5% of the amount, dismissing the revenue's appeal. In ITA No. 3527/MUM/2019 for the Assessment Year 2010-11, the Tribunal upheld the CIT(A)'s deletion of the penalty imposed under section 271(1)(c) for furnishing inaccurate particulars of income, dismissing the revenue's appeal. The orders of the CIT(A) were upheld in both cases, and the appeals filed by the revenue were dismissed. en-us Wed, 28 Oct 2020 00:00:00 +0530 Sat, 02 Jan 2021 11:52:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402449 In ITA No. 3526/MUM/2019 for the Assessment Year 2011-12, the Tribunal upheld the CIT(A)'s decision to restrict the addition of alleged bogus purchases to 12.5% of the amount, dismissing the revenue's appeal. In ITA No. 3527/MUM/2019 for the Assessment Year 2010-11, the Tribunal upheld the CIT(A)'s deletion of the penalty imposed under section 271(1)(c) for furnishing inaccurate particulars of income, dismissing the revenue's appeal. The orders of the CIT(A) were upheld in both cases, and the appeals filed by the revenue were dismissed. Case-Laws Income Tax Wed, 28 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402449