https://www.taxtmi.com/caselaws?id=460735 ITAT Surat held that disallowance at 6% of disputed purchases was sufficient to address revenue leakage concerns, rather than the AO's 100% addition for bogus purchases. The tribunal relied on precedent from Pankaj K. Choudhary case and ruled in favor of the assessee, reducing the substantial addition made by the AO for alleged bogus purchase transactions. en-us Mon, 01 Apr 2024 00:00:00 +0530 Thu, 13 Feb 2025 13:10:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460735 ITAT Surat held that disallowance at 6% of disputed purchases was sufficient to address revenue leakage concerns, rather than the AO's 100% addition for bogus purchases. The tribunal relied on precedent from Pankaj K. Choudhary case and ruled in favor of the assessee, reducing the substantial addition made by the AO for alleged bogus purchase transactions. Case-Laws Income Tax Mon, 01 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460735