https://www.taxtmi.com/caselaws?id=776828 Where alleged bogus purchases are found to involve only an estimated profit element, the addition may be confined to the reasonable percentage attributable to that element. The Tribunal followed earlier orders in the assessee's own case and held that, on the facts recorded in the assessment and appellate orders, the addition should be restricted to 2.5% of the alleged bogus purchases. The Revenue's claim for 12.5% was rejected, and the assessment addition was sustained only to that limited extent in favour of the assessee. en-us Tue, 07 Jan 2025 00:00:00 +0530 Wed, 20 Aug 2025 08:34:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776828 Where alleged bogus purchases are found to involve only an estimated profit element, the addition may be confined to the reasonable percentage attributable to that element. The Tribunal followed earlier orders in the assessee's own case and held that, on the facts recorded in the assessment and appellate orders, the addition should be restricted to 2.5% of the alleged bogus purchases. The Revenue's claim for 12.5% was rejected, and the assessment addition was sustained only to that limited extent in favour of the assessee. Case-Laws Income Tax Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776828