2017 (9) TMI 1886

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....y Ld CIT(A)-29, Mumbai in confirming the addition relating to alleged bogus purchases made in AY 2011-12. 2. I heard the parties and perused the record. The assessee is a trader in ferrous and non-ferrous metals. Consequent to the information received from the Sales tax department, it came to the notice of the revenue that the assessee has made purchases to the tune of Rs. 2,04,01,2712/- during t....

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....ned purchases. Still aggrieved, the assessee has filed this appeal. 3. At the time of hearing, the Ld A.R submitted that the AO had made identical addition in AY 2009-10. When the matter travelled to the ITAT, the division bench of the Tribunal, vide its order dated 05.5.2017 passed in ITA No.4917/Mum/2016, restricted the addition to 2% of the value of alleged bogus purchases. 4. I heard Ld D.R ....