2025 (9) TMI 888

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....Ld. Sr. D.R. ORDER PER : NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER: This appeal has been preferred by the Assessee against the order dated 27.09.2024, impugned herein, passed by the Ld. Addl/Joint Commissioner of Income Tax (Appeals) (in short "Ld. Addl./Joint Commissioner") under section 250 of the Income Tax Act, 1961 (in short 'the Act') for the A.Y. 2011-12. 2. In the instant case, ....

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.... 12.5% of Rs. 90,41,001/- {Rs. 29,68,483/- & Rs. 60,72,518/-} and consequently added the same in the income of the Assessee. 3. The Assessee, being aggrieved, challenged the said addition on merit as well as on the estimation of GP before the Ld. Commissioner, however, could not get succeeded and therefore the Assessee is in appeal before this Court. 4. Heard the parties and perused the mate....

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....fit rate ranging from 5% to 12.5% embedded therein under peculiar facts and circumstances of the cases and therefore in the considered opinion of this Court for the just decision of the case and substantial justice, sustaining the addition @ 5% of the alleged bogus purchase over and above already shown by the Assessee, would be fair and reasonable and therefore accordingly conveyed this inclinatio....