https://www.taxtmi.com/caselaws?id=753419 The ITAT Surat confirmed addition of 6% on bogus purchases following the precedent in Pankaj K. Chaudhary case. The Tribunal applied consistent treatment across 14 appeals with similar facts, sustaining the 6% addition rate for estimation of income from bogus purchases. The Revenue's appeal was dismissed as the issue was squarely covered by established precedent with no change in material facts warranting different treatment. en-us Wed, 29 May 2024 00:00:00 +0530 Sat, 01 Jun 2024 08:32:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753419 The ITAT Surat confirmed addition of 6% on bogus purchases following the precedent in Pankaj K. Chaudhary case. The Tribunal applied consistent treatment across 14 appeals with similar facts, sustaining the 6% addition rate for estimation of income from bogus purchases. The Revenue's appeal was dismissed as the issue was squarely covered by established precedent with no change in material facts warranting different treatment. Case-Laws Income Tax Wed, 29 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753419