2022 (6) TMI 753

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..... ses could not be rejected without disturbing the sales in case of a trader. After observing as above, this Court dismissed the Appeal. Appellant-Revenue fairly pointed out that this decision will apply to the fact of the present case. In light of the observation of the Division Bench as above, the order passed by the Tribunal cannot be faulted. No question of law, therefore, arises for consider .....

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..... le as against the addition made by AO of the entire bogus purchase of Rs.6894851/- ? 4. The tax effect involved in this Appeal is Rs.1992611/-. However, the Learned Counsel for the Appellant states that the appeal falls under the exception provided in the relevant CBDT circular, and therefore, the appeal will have to be pressed on merits. 5. The Respondent-Assessee Company filed its Return .....

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..... t of the sale, and entire purchases cannot be removed from consideration, and therefore, estimation of 15% of the total alleged bogus purchases would meet the ends of justice. The Appellant-Revenue filed an appeal before the Income Tax Appellate Tribunal bearing No.1915 of 2015. The Tribunal, after taking note of the fact that admittedly there was a sale and without any purchase of material, there .....

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