2026 (5) TMI 686

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....venue : Shri Yaduraj Singh, Ld. Sr. D.R. ORDER PER : NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER: This appeal has been preferred by the Revenue against the order dated 08.09.2025, impugned herein, passed by the National Faceless Appeal Centre (NFAC)/Ld. Commissioner of Income Tax (Appeals) (in short Ld. Commissioner) u/s 250 of the Income Tax Act, 1961 (in short 'the Act') for the A.Y. 2009-....

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....ssed by the Hon'ble Jurisdictional High Court in the case of PCIT vs. S.V. Jiwani [2022] 145 taxmann.com 230 (Bombay), wherein under the similar facts and circumstances, the Hon'ble High Court upheld the decision of the Tribunal in sustaining the addition to the extent of Rs. 12.5% of the bogus purchases as fair and reasonable, sustained the additions to the extent of 12.5% of the bogus purchases.....