https://www.taxtmi.com/caselaws?id=190241 The Tribunal upheld the decision of the ld. CIT(A) to restrict the disallowance of purchases made from alleged bogus parties to 10% based on the NP ratio of the assessee and previous judgments. The Tribunal dismissed the appeal of the Revenue and partly allowed the appeal of the assessee, emphasizing the importance of considering the profit element embedded in such purchases for taxation purposes. en-us Mon, 08 Feb 2016 00:00:00 +0530 Thu, 09 Feb 2017 22:57:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190241 The Tribunal upheld the decision of the ld. CIT(A) to restrict the disallowance of purchases made from alleged bogus parties to 10% based on the NP ratio of the assessee and previous judgments. The Tribunal dismissed the appeal of the Revenue and partly allowed the appeal of the assessee, emphasizing the importance of considering the profit element embedded in such purchases for taxation purposes. Case-Laws Income Tax Mon, 08 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190241