https://www.taxtmi.com/caselaws?id=755918 ITAT Surat-AT partially allowed the assessee's appeal regarding bogus purchases. Following precedent in Pankaj K. Choudhary case, the Tribunal restricted disallowance to 6% of disputed bogus purchases instead of full addition. The decision was based on detailed analysis of legal position and established precedents on estimation of income from bogus purchases, resulting in partial relief to the assessee. en-us Fri, 19 Jul 2024 00:00:00 +0530 Tue, 23 Jul 2024 08:50:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755918 ITAT Surat-AT partially allowed the assessee's appeal regarding bogus purchases. Following precedent in Pankaj K. Choudhary case, the Tribunal restricted disallowance to 6% of disputed bogus purchases instead of full addition. The decision was based on detailed analysis of legal position and established precedents on estimation of income from bogus purchases, resulting in partial relief to the assessee. Case-Laws Income Tax Fri, 19 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755918