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![Bogus Purchases Bills without actual delivery of goods: ITAT directs AO to charge 6.5% Gross Profit Rate [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Bogus-Purchases-Bills-actual-delivery-of-goods-ITAT-AO-charge-6.5-Gross-Profit-Rate-Taxscan.jpg "Bogus Purchases Bills without actual delivery of goods: ITAT directs AO to charge 6.5% Gross Profit Rate [Read Order]")
Bogus Purchases Bills without actual delivery of goods: ITAT directs AO to charge 6.5% Gross Profit Rate [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to charge 6.5% Gross Profit Rate on the bogus purchase...