https://www.taxtmi.com/caselaws?id=306742 The ITAT partially allowed the assessee's appeal, directing the assessing officer to quantify the addition for bogus purchases by aligning the gross profit rate on such purchases with legitimate ones. The judgment emphasized the need to provide the assessee with a fair opportunity to present their case and referenced a High Court decision limiting additions for bogus purchases when genuine sales are not in question. The ITAT's decision, pronounced on 3.12.2019, resolved the disallowance issue stemming from alleged bogus purchases for the assessment year 2010-11. en-us Tue, 03 Dec 2019 00:00:00 +0530 Thu, 23 Feb 2023 02:54:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306742 The ITAT partially allowed the assessee's appeal, directing the assessing officer to quantify the addition for bogus purchases by aligning the gross profit rate on such purchases with legitimate ones. The judgment emphasized the need to provide the assessee with a fair opportunity to present their case and referenced a High Court decision limiting additions for bogus purchases when genuine sales are not in question. The ITAT's decision, pronounced on 3.12.2019, resolved the disallowance issue stemming from alleged bogus purchases for the assessment year 2010-11. Case-Laws Income Tax Tue, 03 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306742