2019 (4) TMI 1618

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.... PER RAVISH SOOD, JM: The present miscellaneous application filed by the assessee on 30.05.2018 arises from the order passed by the Tribunal in the case of Popatlal N. Shah Vs. ACIT 19(2), Mumbai in ITA No.5939/Mum/2016 for A.Y. 2012-13. 2. In the course of hearing of the application, it was submitted by the ld. Authorized Representative (for short 'A.R') for the assessee applicant that the Tri....

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....espect of alleged purchases the addition has been made @ 3%. The addition could not have been higher than 2% of net margin. The Applicant's net margin during the year under consideration was 1.56%. 3. GP of 5.91% of the appel lant has not been considered, for grant of credit while estimating addition @ 3% of such alleged bogus purchases." , as a result whereof the order passed by the Tribunal s....

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.... with the view taken by the CIT(A) and had upheld his order. As a result thereof, the additions in respect of the purchases claimed by the assessee to have been made from the aforementioned bogus concerns viz. (i) Mohit Enterprises; (ii) Mayur Exports; and (iii) Prime Star was restricted by the Tribunal to 3% of the aggregate value of such purchases, as against that adopted by the A.O at 12.5%. In....