12.5% disallowance out of the bogus purchases, done by the learned CIT(A) meets the end of justice

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Last updated: 22 January 2021
Quick Summary
The Income Tax Appellate Tribunal reviewed appeals concerning bogus purchases made by M/s. Tristar Engineering & Chemical Company. The Assessing Officer had initially proposed additions based on information from the sales tax department. However, the Commissioner of Income Tax (Appeals) reduced the addition, sustaining only 12.5% of the disallowance for bogus purchases, a decision the Tribunal found to meet the ends of justice.

Court :
ITAT Mumbai

Brief :
These are appeals by the revenue wherein the revenue is aggrieved thatlearned Commissioner of Income Tax (Appeals) [in short learned CIT(A)] hasreduced the addition by sustaining only 12.5% of the disallowance for bogus purchases.

Citation :
ITA 1328/MUM/2019

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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