https://www.taxtmi.com/caselaws?id=304393 The tribunal partially allowed the appeal against the order of the CIT (A) concerning bogus purchases and commission addition for the assessment year 2010-2011. In relation to the bogus purchases issue, the tribunal restricted the disallowance to 7% of the purchases based on the assessee's NP and applicable VAT rate, emphasizing the importance of VAT figures. The addition was confirmed to this extent. Regarding the commission addition, the tribunal ruled in favor of the assessee, deleting the enhancement made by the CIT (A) without providing notice or opportunity. Consequently, the appeal was partly allowed in favor of the assessee. en-us Wed, 18 Jan 2017 00:00:00 +0530 Sat, 24 Sep 2022 08:17:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304393 The tribunal partially allowed the appeal against the order of the CIT (A) concerning bogus purchases and commission addition for the assessment year 2010-2011. In relation to the bogus purchases issue, the tribunal restricted the disallowance to 7% of the purchases based on the assessee's NP and applicable VAT rate, emphasizing the importance of VAT figures. The addition was confirmed to this extent. Regarding the commission addition, the tribunal ruled in favor of the assessee, deleting the enhancement made by the CIT (A) without providing notice or opportunity. Consequently, the appeal was partly allowed in favor of the assessee. Case-Laws Income Tax Wed, 18 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304393