https://www.taxtmi.com/caselaws?id=269316 The Tribunal partly allowed the appeals, directing the AO to make additions based on 22.5% of purchases from the grey market and adjust the interest charges accordingly. The judgment emphasized the importance of proving the genuineness of purchases and the onus on the assessee to provide complete details for accurate computation of profits. en-us Mon, 12 Oct 2015 00:00:00 +0530 Wed, 29 Nov 2017 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269316 The Tribunal partly allowed the appeals, directing the AO to make additions based on 22.5% of purchases from the grey market and adjust the interest charges accordingly. The judgment emphasized the importance of proving the genuineness of purchases and the onus on the assessee to provide complete details for accurate computation of profits. Case-Laws Income Tax Mon, 12 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269316