https://www.taxtmi.com/caselaws?id=257427 The Tribunal upheld the disallowance of alleged bogus purchases for six suppliers due to lack of evidence, but allowed relief for five suppliers. It reversed the disallowance of deduction under section 80IA(4), stating the Industrial Park met conditions despite the completion certificate timing. The addition of unrecorded payments was affirmed, with telescopic benefit against bogus purchases. The disallowance of brokerage expenses was overturned as legitimate business expenses. The Tribunal's judgments provided partial relief to the assessee, emphasizing the significance of primary evidence and statutory compliance in assessing claims and deductions. en-us Fri, 20 Feb 2015 00:00:00 +0530 Wed, 11 Mar 2015 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257427 The Tribunal upheld the disallowance of alleged bogus purchases for six suppliers due to lack of evidence, but allowed relief for five suppliers. It reversed the disallowance of deduction under section 80IA(4), stating the Industrial Park met conditions despite the completion certificate timing. The addition of unrecorded payments was affirmed, with telescopic benefit against bogus purchases. The disallowance of brokerage expenses was overturned as legitimate business expenses. The Tribunal's judgments provided partial relief to the assessee, emphasizing the significance of primary evidence and statutory compliance in assessing claims and deductions. Case-Laws Income Tax Fri, 20 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257427