https://www.taxtmi.com/caselaws?id=425236 The Tribunal condoned the delay in filing the appeal due to an inadvertent mistake by the assessee. The case involved the addition of Rs.5,18,803 as a bogus purchase from M/s. Sparsh Exports Pvt. Ltd., which was confirmed by the CIT(A). The assessee submitted additional evidence under Rule 46A, arguing for its admission based on principles of natural justice. The CIT(A) dismissed the appeal, but the ITAT partially allowed it by directing the AO to estimate profit at 12.5% on the amount treated as a bogus purchase. en-us Tue, 12 Jul 2022 00:00:00 +0530 Tue, 19 Jul 2022 09:22:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425236 The Tribunal condoned the delay in filing the appeal due to an inadvertent mistake by the assessee. The case involved the addition of Rs.5,18,803 as a bogus purchase from M/s. Sparsh Exports Pvt. Ltd., which was confirmed by the CIT(A). The assessee submitted additional evidence under Rule 46A, arguing for its admission based on principles of natural justice. The CIT(A) dismissed the appeal, but the ITAT partially allowed it by directing the AO to estimate profit at 12.5% on the amount treated as a bogus purchase. Case-Laws Income Tax Tue, 12 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425236