https://www.taxtmi.com/highlights?id=58985 Revision u/s 263 - estimation of income on bogus purchases - Keeping in view the applicable VAT rate, Ld. AO estimated a further addition of 1.6% against these purchases. - Merely because Ld. Pr. CIT held a view that the estimation should have been at higher rates or entire purchase should have been disallowed, the same would not make the order erroneous - AT en-us Fri, 30 Jul 2021 15:54:34 +0530 Fri, 30 Jul 2021 15:54:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58985 Revision u/s 263 - estimation of income on bogus purchases - Keeping in view the applicable VAT rate, Ld. AO estimated a further addition of 1.6% against these purchases. - Merely because Ld. Pr. CIT held a view that the estimation should have been at higher rates or entire purchase should have been disallowed, the same would not make the order erroneous - AT Highlights Income Tax Fri, 30 Jul 2021 15:54:34 +0530 https://www.taxtmi.com/highlights?id=58985