https://www.taxtmi.com/caselaws?id=179357 The High Court dismissed the Revenue's appeal, upholding the Tribunal's decisions on various issues including restricting the addition to 5% of total bogus purchases, non-applicability of Section 40A(3) to cash purchases, genuineness of purchases from Amber Trading Company, deletion of addition treating purchases from Amber Trading Company as bogus, deletion of addition on account of disallowance of speculation loss. The only issue admitted for further consideration was the deletion of the addition on account of unutilized CENVAT/MODVAT credit. en-us Mon, 10 Feb 2014 00:00:00 +0530 Sat, 27 Feb 2016 09:35:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179357 The High Court dismissed the Revenue's appeal, upholding the Tribunal's decisions on various issues including restricting the addition to 5% of total bogus purchases, non-applicability of Section 40A(3) to cash purchases, genuineness of purchases from Amber Trading Company, deletion of addition treating purchases from Amber Trading Company as bogus, deletion of addition on account of disallowance of speculation loss. The only issue admitted for further consideration was the deletion of the addition on account of unutilized CENVAT/MODVAT credit. Case-Laws Income Tax Mon, 10 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179357