Dismissing the appeal of the Revenue the Tribunal held that the CIT(A) was justified in deleting 100 per cent disallowance of purchases by Assessing Officer and limiting disallowance to 12.5 per cent out of bogus purchases. (AY. 2012-13)
DCIT v. DBM Geotechnics and Construction (P.) Ltd. (2022) 194 ITD 579 (Mum.)(Trib.)
S. 69C : Unexplained expenditure-Bogus purchases-Justified in deleting 100 percent disallowance and disallowing to 12.5% out of bogus purchases.