https://www.taxtmi.com/caselaws?id=753728 The ITAT partly allowed the appeal, confirming an addition of 6% on bogus purchases, maintaining consistency with prior judgments. The assessee, involved in diamond trading, faced disallowance of alleged purchases, initially set at 100% by CIT(A). The ITAT's decision reduced the addition, aligning with established precedents for similar cases. en-us Thu, 06 Jun 2024 00:00:00 +0530 Fri, 07 Jun 2024 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753728 The ITAT partly allowed the appeal, confirming an addition of 6% on bogus purchases, maintaining consistency with prior judgments. The assessee, involved in diamond trading, faced disallowance of alleged purchases, initially set at 100% by CIT(A). The ITAT's decision reduced the addition, aligning with established precedents for similar cases. Case-Laws Income Tax Thu, 06 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753728