https://www.taxtmi.com/caselaws?id=754757 ITAT Mumbai dismissed the revenue's appeal challenging CIT(A)'s order restricting addition to 12.5% of alleged bogus purchases. The Tribunal upheld CIT(A)'s well-reasoned findings, noting consistent treatment with previous assessment years 2009-10 and 2010-11 where similar 12.5% additions were made. Revenue failed to produce contrary material to justify different treatment. The Tribunal found no illegality or perversity in CIT(A)'s order and dismissed the appeal for lack of merit. en-us Thu, 27 Jun 2024 00:00:00 +0530 Sat, 29 Jun 2024 09:02:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754757 ITAT Mumbai dismissed the revenue's appeal challenging CIT(A)'s order restricting addition to 12.5% of alleged bogus purchases. The Tribunal upheld CIT(A)'s well-reasoned findings, noting consistent treatment with previous assessment years 2009-10 and 2010-11 where similar 12.5% additions were made. Revenue failed to produce contrary material to justify different treatment. The Tribunal found no illegality or perversity in CIT(A)'s order and dismissed the appeal for lack of merit. Case-Laws Income Tax Thu, 27 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754757