TaxTMI 
TaxTMI 
2025 (4) TMI 1624
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....arikh (3238) For the Opponent(s) No. 1 : Karan G Sanghani (7945) ORAL ORDER (PER : HONOURABLE MR. JUSTICE BHARGAV D. KARIA) 1. This appeal is filed by the appellant assessee under Section 260(A) of the Income Tax Act, 1961 (for short 'the Act'), proposing the following substantial questions of law arising out of the judgment and order dated 06/01/2022 passed by the Income Tax Appellate Tribu....
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....the case, the Income Tax Appellate Tribunal was right in law in enhancing the addition on alleged bogus purchases to 6% of the amount of disputed purchases as against 5% confirmed by the Commissioner of Income Tax (Appeals) without giving any cogent reasons? (v) Whether, in the facts and circumstances of the case, the order passed by the Income Tax Appellate Tribunal was perverse in as much as t....
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....n the decision in case of Principal Commissioner of Income Tax vs. Pankaj K. Chaudhary in Tax Appeal No.617 of 2022 decided on 07/03/2023. 3. We have perused the judgment and order dated 27/02/2024 in Tax Appeal No.107 of 2024 in case of the appellant therein rendered by this Court. 4. In the Tax Appeal No.107 of 2024, following substantial questions of law were proposed by the appellant revenue....
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....n'ble Gujarat High Court in the case of Mayank Diamonds Pvt. Ltd. (2014)(11) TMI 812 as against the direction of the the Hon'ble High Court in that case to make addition at the rate of 5% of the total turnover?" 5. After considering the decision in case of Principal Commissioner of Income Tax vs. Pankaj K. Chaudhary in Tax Appeal No.617 of 2022, the Tax Appeals filed by the revenue were dismissed....