2024 (5) TMI 640

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....d For the Revenue : Shri R.R. Makwana ORDER PER AMIT SHUKLA (J.M): The aforesaid appeal has been filed by the Revenue against order dated 15/06/2023 passed by NFAC, Delhi for the quantum of assessment passed u/s. 143(3) r.w.s. 147 for the A.Y. 2009-10. 2. In the grounds of appeal, the Revenue has challenged the action of the ld. CIT(A) in restricting the disallowance to 12.5% of the....

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....und that no such business was carried out as per the report of the Inspector. Accordingly, he added the entire amount of Rs. 15,77,629/- u/s. 69C. 4. The ld. CIT (A) has restricted the addition while estimating the GP rate of 12.5% on the total bogus purchases from two parties. 5. After hearing both the parties and on perusal of the impugned order, we find that AO has made addition on accoun....