https://www.taxtmi.com/caselaws?id=304278 The appeals were filed against the CIT(A)'s orders for A.Y. 2011-12 and 2013-14 concerning the reopening of assessment and estimation of gross profit on alleged bogus purchases. The Tribunal directed the AO to limit the addition to the lower GP declared by the assessee for bogus purchases compared to normal purchases. Both appeals were allowed in part for statistical purposes only, and the matter was remanded back to the AO for necessary actions. en-us Mon, 16 Dec 2019 00:00:00 +0530 Sat, 17 Sep 2022 07:56:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304278 The appeals were filed against the CIT(A)'s orders for A.Y. 2011-12 and 2013-14 concerning the reopening of assessment and estimation of gross profit on alleged bogus purchases. The Tribunal directed the AO to limit the addition to the lower GP declared by the assessee for bogus purchases compared to normal purchases. Both appeals were allowed in part for statistical purposes only, and the matter was remanded back to the AO for necessary actions. Case-Laws Income Tax Mon, 16 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304278