https://www.taxtmi.com/caselaws?id=190164 The Tribunal upheld the First Appellate Authority's decision to delete the addition made under section 69C of the Income-tax Act, as the assessee proved the genuineness of purchases. The Tribunal also agreed with estimating the profit element in alleged bogus purchases, directing a 10% disallowance. Appeals by both the Assessing Officer and the assessee for all assessment years were dismissed. en-us Wed, 03 Aug 2016 00:00:00 +0530 Wed, 08 Feb 2017 09:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190164 The Tribunal upheld the First Appellate Authority's decision to delete the addition made under section 69C of the Income-tax Act, as the assessee proved the genuineness of purchases. The Tribunal also agreed with estimating the profit element in alleged bogus purchases, directing a 10% disallowance. Appeals by both the Assessing Officer and the assessee for all assessment years were dismissed. Case-Laws Income Tax Wed, 03 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190164