https://www.taxtmi.com/caselaws?id=774753 The ITAT Mumbai upheld CIT(A)'s decision to add 25% of bogus purchases to the assessee's income. The case involved information from Sales Tax department regarding accommodation entries. Despite the assessee providing ledger accounts, bank statements, delivery challans, and invoices, the AO rejected these documents citing inadequate transportation details. The ITAT held that since the assessee demonstrated purchase sources through books and bank statements, and corresponding sales weren't disputed, treating entire purchases as outside books was unjustified. The tribunal confirmed that applying a 25% gross profit rate was sufficient for profit suppression cases. Revenue's appeal was dismissed. en-us Thu, 26 Jun 2025 00:00:00 +0530 Mon, 14 Jul 2025 08:36:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774753 The ITAT Mumbai upheld CIT(A)'s decision to add 25% of bogus purchases to the assessee's income. The case involved information from Sales Tax department regarding accommodation entries. Despite the assessee providing ledger accounts, bank statements, delivery challans, and invoices, the AO rejected these documents citing inadequate transportation details. The ITAT held that since the assessee demonstrated purchase sources through books and bank statements, and corresponding sales weren't disputed, treating entire purchases as outside books was unjustified. The tribunal confirmed that applying a 25% gross profit rate was sufficient for profit suppression cases. Revenue's appeal was dismissed. Case-Laws Income Tax Thu, 26 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774753