https://www.taxtmi.com/caselaws?id=418327 The Tribunal partly allowed the assessee's appeals by modifying the disallowance on bogus purchases to 2% and directing a lump sum addition for commission expenses. The benefit of telescoping was granted for the addition on account of bogus purchases to cover the commission expenses. The addition under section 69C for unexplained expenditure was upheld with the condition of telescoping from the addition made on account of bogus purchases in the same assessment year. en-us Fri, 11 Feb 2022 00:00:00 +0530 Mon, 14 Feb 2022 11:47:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418327 The Tribunal partly allowed the assessee's appeals by modifying the disallowance on bogus purchases to 2% and directing a lump sum addition for commission expenses. The benefit of telescoping was granted for the addition on account of bogus purchases to cover the commission expenses. The addition under section 69C for unexplained expenditure was upheld with the condition of telescoping from the addition made on account of bogus purchases in the same assessment year. Case-Laws Income Tax Fri, 11 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418327