https://www.taxtmi.com/caselaws?id=758237 The Tribunal upheld the CIT(A)'s decision to restrict the addition to 12.5% of bogus purchases from non-existent vendors. The Tribunal found the CIT(A) had adequately considered the profit element and judicial precedents, while the A.O. failed to contest the sales aspect. Consequently, the Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s order. en-us Thu, 05 Sep 2024 00:00:00 +0530 Mon, 09 Sep 2024 09:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758237 The Tribunal upheld the CIT(A)'s decision to restrict the addition to 12.5% of bogus purchases from non-existent vendors. The Tribunal found the CIT(A) had adequately considered the profit element and judicial precedents, while the A.O. failed to contest the sales aspect. Consequently, the Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s order. Case-Laws Income Tax Thu, 05 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758237