https://www.taxtmi.com/caselaws?id=440012 The Court upheld the ITAT's decision to reduce the addition towards gross profit on bogus purchases from 12% to 8% for Assessment Year 2010-11. The Court found that the ITAT's determination was based on factual considerations and arguments presented, without any substantial question of law arising. The appeal against the ITAT order was dismissed, affirming the reduction of the gross profit percentage. en-us Wed, 28 Jun 2023 00:00:00 +0530 Fri, 07 Jul 2023 07:56:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440012 The Court upheld the ITAT's decision to reduce the addition towards gross profit on bogus purchases from 12% to 8% for Assessment Year 2010-11. The Court found that the ITAT's determination was based on factual considerations and arguments presented, without any substantial question of law arising. The appeal against the ITAT order was dismissed, affirming the reduction of the gross profit percentage. Case-Laws Income Tax Wed, 28 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440012