2015 (5) TMI 1253

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....s is an appeal filed by the assessee against the order dated 11/07/2011 passed by the learned CIT(A)-II, Jaipur for A.Y. 2007-08. In this appeal, various grounds have been raised, which in effect challenged the trading addition of Rs. 18,94,013/- made by the Assessing Officer against the alleged bogus purchases of Rs. 75,76,052/- by rejecting the books of account. It may be mentioned that similar ....

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....(supra). In our view the 25% disallowance appears to be higher side, therefore, keeping in view of the facts of the assessee's case as well as other cases as discussed above, we feel that 15% disallowance out of bogus purchases is reasonable on unverifiable purchases and will meet the ends of justice. The rejection of books of account is justified. The assessee gets relief partly." 2. It has be....