https://www.taxtmi.com/caselaws?id=752244 The ITAT dismissed the appellant's appeal against the Rs. 63,70,738 addition as bogus purchases, citing the failure to provide supporting documents. The appellant's argument for adding only the profit margin was rejected, and the Tribunal upheld the 100% addition based on the absence of genuine transaction evidence. The challenge under section 250 of the IT Act regarding procedural deficiencies was dismissed as unpressed. The request to delete the addition confirmed by CIT (A) was denied, with the Tribunal relying on information from the Sales Tax Department, affirming the non-genuineness of the purchases. en-us Fri, 03 May 2024 00:00:00 +0530 Mon, 06 May 2024 09:20:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752244 The ITAT dismissed the appellant's appeal against the Rs. 63,70,738 addition as bogus purchases, citing the failure to provide supporting documents. The appellant's argument for adding only the profit margin was rejected, and the Tribunal upheld the 100% addition based on the absence of genuine transaction evidence. The challenge under section 250 of the IT Act regarding procedural deficiencies was dismissed as unpressed. The request to delete the addition confirmed by CIT (A) was denied, with the Tribunal relying on information from the Sales Tax Department, affirming the non-genuineness of the purchases. Case-Laws Income Tax Fri, 03 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752244