https://www.taxtmi.com/caselaws?id=308432 The Revenue's appeal challenging the deletion of additions on account of bogus purchases for Rs. 3,56,16,927 for Assessment Year 2009-10 was partly allowed. The Tribunal sustained an addition of Rs. 28,49,354, representing 8% of the bogus purchases, based on the lack of evidence for material delivery and the estimation of a profit element earned by the assessee. en-us Wed, 06 Sep 2017 00:00:00 +0530 Mon, 26 Jun 2023 20:41:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308432 The Revenue's appeal challenging the deletion of additions on account of bogus purchases for Rs. 3,56,16,927 for Assessment Year 2009-10 was partly allowed. The Tribunal sustained an addition of Rs. 28,49,354, representing 8% of the bogus purchases, based on the lack of evidence for material delivery and the estimation of a profit element earned by the assessee. Case-Laws Income Tax Wed, 06 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308432