https://www.taxtmi.com/caselaws?id=311173 The ITAT addressed an appeal concerning a trading addition of Rs. 18,94,013 due to alleged bogus purchases totaling Rs. 75,76,052 for A.Y. 2007-08. The books of account were rejected, but partial relief was granted by upholding a 15% disallowance on the bogus purchases, referencing a similar case. The ITAT denied an adjournment request linked to pending appeals in the Rajasthan HC, stressing the need to avoid delays. The matter was remanded to the Assessing Officer for reconsideration post-Rajasthan HC judgment, with the appeal allowed for statistical purposes only. en-us Mon, 25 May 2015 00:00:00 +0530 Mon, 11 Dec 2023 19:45:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311173 The ITAT addressed an appeal concerning a trading addition of Rs. 18,94,013 due to alleged bogus purchases totaling Rs. 75,76,052 for A.Y. 2007-08. The books of account were rejected, but partial relief was granted by upholding a 15% disallowance on the bogus purchases, referencing a similar case. The ITAT denied an adjournment request linked to pending appeals in the Rajasthan HC, stressing the need to avoid delays. The matter was remanded to the Assessing Officer for reconsideration post-Rajasthan HC judgment, with the appeal allowed for statistical purposes only. Case-Laws Income Tax Mon, 25 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311173