https://www.taxtmi.com/caselaws?id=758728 The court dismissed the Tax Appeals, upholding the ITAT's decision to restrict the addition to 6% of bogus purchases. The Tribunal's decision was based on the lack of independent investigation by the AO and the absence of specific evidence linking the assessee to accommodation entries. The court found the Tribunal's reliance on the precedent set in Pankaj K. Choudhary appropriate, distinguishing it from other cases cited by the Revenue. The decision aligned with established precedent and the facts, with no substantial questions of law arising from the appeals. en-us Wed, 04 Sep 2024 00:00:00 +0530 Tue, 17 Sep 2024 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758728 The court dismissed the Tax Appeals, upholding the ITAT's decision to restrict the addition to 6% of bogus purchases. The Tribunal's decision was based on the lack of independent investigation by the AO and the absence of specific evidence linking the assessee to accommodation entries. The court found the Tribunal's reliance on the precedent set in Pankaj K. Choudhary appropriate, distinguishing it from other cases cited by the Revenue. The decision aligned with established precedent and the facts, with no substantial questions of law arising from the appeals. Case-Laws Income Tax Wed, 04 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758728