https://www.taxtmi.com/caselaws?id=444799 The Tribunal condoned a 1,200-day delay in filing the appeal due to non-receipt of the appellate order, partly attributed to the COVID-19 period. The appeal concerned the addition of Rs. 7,27,536/- as bogus purchases. The Tribunal found that only the profit element should be added to income in such cases. It modified the order of the Commissioner, directing the Assessing Officer to sustain the addition to the extent of 5% of the bogus purchases, thereby partly allowing the appeal. en-us Thu, 12 Oct 2023 00:00:00 +0530 Mon, 23 Oct 2023 08:46:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444799 The Tribunal condoned a 1,200-day delay in filing the appeal due to non-receipt of the appellate order, partly attributed to the COVID-19 period. The appeal concerned the addition of Rs. 7,27,536/- as bogus purchases. The Tribunal found that only the profit element should be added to income in such cases. It modified the order of the Commissioner, directing the Assessing Officer to sustain the addition to the extent of 5% of the bogus purchases, thereby partly allowing the appeal. Case-Laws Income Tax Thu, 12 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444799