https://www.taxtmi.com/caselaws?id=761257 The ITAT Delhi dismissed the assessee's appeal regarding bogus purchases. The CIT(A) had partially allowed the assessee's appeal by restricting the addition to 16.5% of the amount disallowed by the AO as additional taxable income, without providing benefit of expenses. The ITAT found no error in the CIT(A)'s order, noting the absence of evidence or arguments contradicting the CIT(A)'s findings and conclusions, thereby upholding the 16.5% addition for bogus purchases. en-us Tue, 05 Nov 2024 00:00:00 +0530 Thu, 07 Nov 2024 08:47:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761257 The ITAT Delhi dismissed the assessee's appeal regarding bogus purchases. The CIT(A) had partially allowed the assessee's appeal by restricting the addition to 16.5% of the amount disallowed by the AO as additional taxable income, without providing benefit of expenses. The ITAT found no error in the CIT(A)'s order, noting the absence of evidence or arguments contradicting the CIT(A)'s findings and conclusions, thereby upholding the 16.5% addition for bogus purchases. Case-Laws Income Tax Tue, 05 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761257