Tribunal on merit reduced the additions to the tune of 12.5% of the alleged unproved bogus purchases. (AY. 2007-08)
ACIT v. Rich and Royal (2018) 63 ITR 65 (SN) (Mum.)(Trib.)
S. 143(3) : Assessment-Bogus purchases–Accommodation entries-Readymade garments-Addition of 25% is held to be proper. [S. 69]