https://www.taxtmi.com/highlights?id=71860 Bogus purchase - AO added the entire amount of bogus purpose instead of GP ratio - CIT(A) deleted the additions - there is nothing on record which demonstrates the quantitative movement of the stock against the alleged purchases, except for existence of bills, their accounting entries and payment through banking channel, we are inclined to set aside the order of Ld. CIT(A) and uphold the addition made by the AO. - AT en-us Wed, 06 Sep 2023 15:42:05 +0530 Wed, 06 Sep 2023 15:42:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71860 Bogus purchase - AO added the entire amount of bogus purpose instead of GP ratio - CIT(A) deleted the additions - there is nothing on record which demonstrates the quantitative movement of the stock against the alleged purchases, except for existence of bills, their accounting entries and payment through banking channel, we are inclined to set aside the order of Ld. CIT(A) and uphold the addition made by the AO. - AT Highlights Income Tax Wed, 06 Sep 2023 15:42:05 +0530 https://www.taxtmi.com/highlights?id=71860