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Case Law Details

Case Name : Dhanesh Mulji Gala Vs ITO (ITAT Mumbai)
Appeal Number : I.T.A. No. 1449/Mum/2021
Date of Judgement/Order : 16/08/2022
Related Assessment Year : 2008-09
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Dhanesh Mulji Gala Vs ITO (ITAT Mumbai)

Held: ITAT held that held that the profit element involved in the bogus purchases should be brought to tax and upheld the addition of estimated profit element of 12.50% of the value of non-genuine purchases.

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