https://www.taxtmi.com/caselaws?id=460404 ITAT Surat dismissed assessee appeals and partly allowed Revenue appeals regarding bogus purchases. CIT(A) had restricted addition from 100% to 6% of bogus purchases. ITAT upheld the 6% addition following precedent in Pankaj K. Chaudhary case, noting no change in facts or law and Revenue's inability to produce controverting material. The tribunal confirmed the restricted addition rate rather than the original 100% addition sought by Revenue. en-us Fri, 27 Oct 2023 00:00:00 +0530 Wed, 22 Jan 2025 18:57:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460404 ITAT Surat dismissed assessee appeals and partly allowed Revenue appeals regarding bogus purchases. CIT(A) had restricted addition from 100% to 6% of bogus purchases. ITAT upheld the 6% addition following precedent in Pankaj K. Chaudhary case, noting no change in facts or law and Revenue's inability to produce controverting material. The tribunal confirmed the restricted addition rate rather than the original 100% addition sought by Revenue. Case-Laws Income Tax Fri, 27 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460404