2025 (7) TMI 1580

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....anti Datta - CIT DR ORDER PER ANIKESH BANERJEE (JM): The instant appeal of the revenue was filed against the order of the National Faceless Appeal Centre (NFAC), Delhi [hereinafter called, 'Ld. CIT(A)] passed under section 250 of the Income-tax Act, 1961 (in short, 'the Act') for Assessment Year 2009-10, date of order 19/10/2023. The impugned order emanated from the order of the Learned A....

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.... of the assessee and restricted the addition on the gross profit @12.5% of the total purchases, thereby restricting the addition only @12.5% of gross profit of the total purchases. Being aggrieved, the revenue filed an appeal before us. 3. When the appeal was called up for hearing, none was present on behalf of the assessee. However, considering the merit of the case, we proceeded to dispose of....

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....owing 100% of the purchases in the assessment order. Thus, the ground No.1 raised by the assessee is treated as partly allowed." 5. The assessee has not preferred any appeal against the confirmation of the addition made at 12.5% of the gross profit on account of bogus purchases. The Ld.CIT(A) confirmed the said addition by respectfully relying on the judgment of the Hon'ble Bombay High Court in....