Case Law Details
Case Name : K L Tambi & Company Vs DCIT (ITAT Jaipur)
Appeal Number : ITA No. 104/JP/2024
Date of Judgement/Order : 01/08/2024
Related Assessment Year : 2005-06
Courts :
All ITAT ITAT Jaipur
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K L Tambi & Company Vs DCIT (ITAT Jaipur)
Conclusion: Tribunal upheld 20% addition instead of 25% on alleged bogus purchases due to unverified sellers agreeing that assessee failed to prove the genuineness of the transactions, and confirmed penalty proceedings.
Held: AO disallowed 25% of bogu
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