https://www.taxtmi.com/caselaws?id=445141 The ITAT Surat dismissed the assessee's appeal regarding bogus purchases addition. The CIT(A) had confirmed addition at 5% of bogus purchases, which the Tribunal found consistent with its precedent of restricting similar additions to 6% in over 100 appeals. Since the CIT(A)'s rate was lower than the Tribunal's established benchmark and the Tribunal lacks power to enhance additions, no further relief was warranted. The Tribunal condoned a 547-day delay in filing, attributing 223 days to Covid-19 pandemic and remaining 324 days to the assessee's kidney failure, transplant, and subsequent medical supervision requiring over twelve months of isolation. en-us Mon, 30 Oct 2023 00:00:00 +0530 Wed, 01 Nov 2023 08:47:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445141 The ITAT Surat dismissed the assessee's appeal regarding bogus purchases addition. The CIT(A) had confirmed addition at 5% of bogus purchases, which the Tribunal found consistent with its precedent of restricting similar additions to 6% in over 100 appeals. Since the CIT(A)'s rate was lower than the Tribunal's established benchmark and the Tribunal lacks power to enhance additions, no further relief was warranted. The Tribunal condoned a 547-day delay in filing, attributing 223 days to Covid-19 pandemic and remaining 324 days to the assessee's kidney failure, transplant, and subsequent medical supervision requiring over twelve months of isolation. Case-Laws Income Tax Mon, 30 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445141