https://www.taxtmi.com/caselaws?id=766643 ITAT Ahmedabad allowed partial relief to the assessee in a case involving bogus subcontract expenses. The AO had estimated profit at 25% while CIT(A) sustained addition at 16%. Following precedent from assessee's own case for A.Y. 2009-10 where the Tribunal restricted disallowance to 12.5% of bogus purchases, the ITAT applied the same principle and limited the disallowance to 12.5% of the subcontract amount, granting partial relief to the assessee. en-us Thu, 20 Feb 2025 00:00:00 +0530 Sat, 01 Mar 2025 08:25:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766643 ITAT Ahmedabad allowed partial relief to the assessee in a case involving bogus subcontract expenses. The AO had estimated profit at 25% while CIT(A) sustained addition at 16%. Following precedent from assessee's own case for A.Y. 2009-10 where the Tribunal restricted disallowance to 12.5% of bogus purchases, the ITAT applied the same principle and limited the disallowance to 12.5% of the subcontract amount, granting partial relief to the assessee. Case-Laws Income Tax Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766643