https://www.taxtmi.com/caselaws?id=761514 The Tribunal partly allowed the assessee's appeal, directing the AO to restrict the addition to 12.5% of the alleged bogus purchases. The Tribunal concluded that while the bills were bogus, the purchases were genuine, and sales based on those purchases were accepted. The judgment was pronounced in Mumbai on 8th November 2024. en-us Fri, 08 Nov 2024 00:00:00 +0530 Tue, 12 Nov 2024 08:52:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761514 The Tribunal partly allowed the assessee's appeal, directing the AO to restrict the addition to 12.5% of the alleged bogus purchases. The Tribunal concluded that while the bills were bogus, the purchases were genuine, and sales based on those purchases were accepted. The judgment was pronounced in Mumbai on 8th November 2024. Case-Laws Income Tax Fri, 08 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761514