https://www.taxtmi.com/caselaws?id=463422 ITAT upheld that the assessee had participated in proceedings and furnished purchase details, and the AO had not rejected the books of account except for alleged bogus purchases. The Tribunal followed a co-ordinate bench and directed the AO to restrict the addition to 12.5% of the alleged bogus purchases. The Tribunal also directed the AO to grant tax credit of pre-paid tax as per Form 26AS in accordance with law. en-us Wed, 07 May 2025 00:00:00 +0530 Mon, 01 Sep 2025 11:27:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463422 ITAT upheld that the assessee had participated in proceedings and furnished purchase details, and the AO had not rejected the books of account except for alleged bogus purchases. The Tribunal followed a co-ordinate bench and directed the AO to restrict the addition to 12.5% of the alleged bogus purchases. The Tribunal also directed the AO to grant tax credit of pre-paid tax as per Form 26AS in accordance with law. Case-Laws Income Tax Wed, 07 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463422