https://www.taxtmi.com/caselaws?id=776093 The ITAT Mumbai-AT allowed the assessee's miscellaneous application, finding that the Tribunal failed to adjudicate specific grounds raised by the assessee, resulting in a mistake apparent from the record. The Tribunal's order dated 05-10-2018 was recalled. Regarding the estimation of income on alleged bogus purchases, the ITAT held that the addition should be limited to the difference between the gross profit on alleged bogus purchases and that on undisputed purchases, following the Bombay HC decision in Mohommad Haji Adam & Co. The CIT(A)'s order was set aside, and the matter was remanded to the AO for recomputation of the addition in line with the HC ruling. en-us Thu, 02 Jan 2025 00:00:00 +0530 Tue, 05 Aug 2025 07:54:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776093 The ITAT Mumbai-AT allowed the assessee's miscellaneous application, finding that the Tribunal failed to adjudicate specific grounds raised by the assessee, resulting in a mistake apparent from the record. The Tribunal's order dated 05-10-2018 was recalled. Regarding the estimation of income on alleged bogus purchases, the ITAT held that the addition should be limited to the difference between the gross profit on alleged bogus purchases and that on undisputed purchases, following the Bombay HC decision in Mohommad Haji Adam & Co. The CIT(A)'s order was set aside, and the matter was remanded to the AO for recomputation of the addition in line with the HC ruling. Case-Laws Income Tax Thu, 02 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776093