https://www.taxtmi.com/caselaws?id=258617 The ITAT partially allowed the appeal, directing the Assessing Officer to restrict the disallowance for unverified purchases to 15% and upholding disallowances of specific expenses like telephone, traveling, and conveyance. The decision was based on applying precedent cases, including the case of Shri Anuj Kumar Varshney, and considering the rejection of the books of account. The ITAT found no fault in the lower authorities' estimation of expenses and upheld their decisions. en-us Fri, 13 Feb 2015 00:00:00 +0530 Thu, 16 Apr 2015 08:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258617 The ITAT partially allowed the appeal, directing the Assessing Officer to restrict the disallowance for unverified purchases to 15% and upholding disallowances of specific expenses like telephone, traveling, and conveyance. The decision was based on applying precedent cases, including the case of Shri Anuj Kumar Varshney, and considering the rejection of the books of account. The ITAT found no fault in the lower authorities' estimation of expenses and upheld their decisions. Case-Laws Income Tax Fri, 13 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258617