2014 (2) TMI 1345

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....; Mr. Akil Kureshi Revenue has challenged the judgment of the Income Tax Appellate Tribunal, Ahmedabad {"Tribunal" for short} dated 17th April 2013 raising following questions for our consideration : { A} "Whether the Appellate Tribunal has substantially erred in restricting the addition made by the Assessing Officer to 5% of the total bogus purchases of Rs. 61,67,077/= made from M/....

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....& {B} pertain to addition of Rs. 61.67 lakhs [rounded off] made by the Assessing Officer out of which the Tribunal retained only 5%. In a related appeal ie., Tax Appeal No. 840 of 2013, we have considered these questions at length and not entertained the Revenue's appeal. These questions are therefore not accepted in this Appeal, and for which it is not necessary to record independent reasons. ....