ITAT upheld the order of CIT(A), restricting the addition to 5% of the purchases made from alleged party.
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Court :
ITAT Mumbai
Brief :
This appeal is filed by the revenue against the order of the Learned Commissioner of Income Tax (Appeals) – 3, Mumbai [hereinafter in short “Ld.CIT(A)”] dated 12.11.2018 for the A.Y. 2008-09 in restricting the addition to 5% of purchases as against the disallowance of 12.5% of purchases as non-genuine/bogus by the Assessing Officer.
Citation :
ITA NO. 2260/MUM/2019 (A.Y. 2008-09)
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Published in Income Tax
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