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![Gross Profit Rate of 5% against 0.69% Made on Addition of Bogus Purchase is too High: Bombay HC Remands Matter to ITAT [Read Order] Gross Profit Rate of 5% against 0.69% Made on Addition of Bogus Purchase is too High: Bombay HC Remands Matter to ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Gross-Profit-Gross-Profit-Rate-of-5-against-0.69-Addition-of-Bogus-Purchase-Addition-of-Bogus-Purchase-is-too-High-Bombay-High-Court.jpg)
Gross Profit Rate of 5% against 0.69% Made on Addition of Bogus Purchase is too High: Bombay HC Remands Matter to ITAT [Read Order]
The Bombay High Court has held that the gross profit rate of 5% against 0.69% made on the addition of bogus purchases is too high and remanded the...