The AO has disallowed 100% of alleged bogus expenses . On appeal the CIT(A) restricted the disallowance at 12% of the alleged bogus expenses . On appeal by the Revenue and the assessee, the Tribunal affirmed the order of the CIT( A) estimating the disallowance at 12% of alleged bogus expenditure . The Tribunal  distinguished the ratio in  Pr. CIT v. Kanak Impex (India) Ltd. Pr. CIT v. Kanak Impex (India) Ltd  ( 2025) 474 ITR 175 / 172 Taxman.com 283  (Bom)( HC  ). ( ITA Nos. 4147 to 4153 & 4585 to 4593/Mum/2024 dt. 3-07 -2025 ) ( AY. 2016 -17 to 2022 -23 )