https://www.taxtmi.com/caselaws?id=408422 The appeal by the revenue challenging the order of the Ld. Commissioner of Income Tax (Appeals) granting relief to the assessee on alleged bogus purchases for Assessment Year 2010-11 was dismissed. Despite the absence of the assessee, the material on record supported the appeal's disposal. The Ld. CIT(A) estimated an addition of 25% on the aggregate purchases of Rs. 52 Lacs, considering the nature of the business and the evidence provided. The dismissal of the appeal was based on the justification of the estimation to address revenue leakage, with the order pronounced on 1st June 2021. en-us Tue, 01 Jun 2021 00:00:00 +0530 Thu, 10 Jun 2021 08:42:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408422 The appeal by the revenue challenging the order of the Ld. Commissioner of Income Tax (Appeals) granting relief to the assessee on alleged bogus purchases for Assessment Year 2010-11 was dismissed. Despite the absence of the assessee, the material on record supported the appeal's disposal. The Ld. CIT(A) estimated an addition of 25% on the aggregate purchases of Rs. 52 Lacs, considering the nature of the business and the evidence provided. The dismissal of the appeal was based on the justification of the estimation to address revenue leakage, with the order pronounced on 1st June 2021. Case-Laws Income Tax Tue, 01 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408422