https://www.taxtmi.com/caselaws?id=769645 The SC/ITAT addressed a tax dispute involving alleged bogus purchases. The Tribunal applied a consistent 0.2% gross profit rate based on its prior decision for an identical assessment year, reducing the original addition from Rs. 3,53,418/- to Rs. 53,957/-. By following its previous binding precedent, the Tribunal granted partial relief to the assessee and upheld the CIT(A)'s order, emphasizing procedural consistency in tax assessments. en-us Mon, 21 Apr 2025 00:00:00 +0530 Tue, 29 Apr 2025 08:33:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769645 The SC/ITAT addressed a tax dispute involving alleged bogus purchases. The Tribunal applied a consistent 0.2% gross profit rate based on its prior decision for an identical assessment year, reducing the original addition from Rs. 3,53,418/- to Rs. 53,957/-. By following its previous binding precedent, the Tribunal granted partial relief to the assessee and upheld the CIT(A)'s order, emphasizing procedural consistency in tax assessments. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769645