https://www.taxtmi.com/caselaws?id=433088 HC dismissed the revenue's tax appeal, upholding ITAT's order restricting addition on alleged bogus purchases to 6% of the disputed purchases. The AO had not rejected the assessee's books but merely made an estimated addition based on an Investigation Wing report, without supplying key statements or allowing cross-examination. CIT(A) had earlier restricted the addition to 12.5%, and ITAT further reduced it to 6%, considering industry profit margins and consistent departmental practice of 3-5% additions in similar group cases. HC held that these concurrent factual findings on estimation of profit did not give rise to any question of law, much less a substantial question of law. en-us Mon, 16 Jan 2023 00:00:00 +0530 Fri, 12 Dec 2025 14:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433088 HC dismissed the revenue's tax appeal, upholding ITAT's order restricting addition on alleged bogus purchases to 6% of the disputed purchases. The AO had not rejected the assessee's books but merely made an estimated addition based on an Investigation Wing report, without supplying key statements or allowing cross-examination. CIT(A) had earlier restricted the addition to 12.5%, and ITAT further reduced it to 6%, considering industry profit margins and consistent departmental practice of 3-5% additions in similar group cases. HC held that these concurrent factual findings on estimation of profit did not give rise to any question of law, much less a substantial question of law. Case-Laws Income Tax Mon, 16 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433088