https://www.taxtmi.com/caselaws?id=781184 ITAT, Mumbai upheld the CIT(A)'s order restricting additions for alleged bogus purchases to 3% of the purchase value as the profit element, following a coordinate-bench precedent. The Tribunal found no perversity or fresh material warranting deviation from the settled view that only the embedded profit, not the entire purchase amount, may be added to income. As the revenue failed to demonstrate error in the CIT(A)'s estimation, the appeal was dismissed. en-us Thu, 06 Nov 2025 00:00:00 +0530 Wed, 12 Nov 2025 08:17:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781184 ITAT, Mumbai upheld the CIT(A)'s order restricting additions for alleged bogus purchases to 3% of the purchase value as the profit element, following a coordinate-bench precedent. The Tribunal found no perversity or fresh material warranting deviation from the settled view that only the embedded profit, not the entire purchase amount, may be added to income. As the revenue failed to demonstrate error in the CIT(A)'s estimation, the appeal was dismissed. Case-Laws Income Tax Thu, 06 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781184