https://www.taxtmi.com/caselaws?id=340186 The appeal involved issues regarding undisclosed purchases, disallowance of expenses on an estimated basis, and disallowance under section 40A(3) of the Act. The ITAT partially allowed the appeal, restricting the addition of undisclosed purchases to only the profit element of Rs. 21,548. Disallowance of expenses on an estimated basis was reversed for delivery charges but upheld for installation and tea & tiffin expenses due to lack of supporting evidence. The disallowance under section 40A(3) was dismissed as arguments were not presented, resulting in partial allowance of the appeal by the ITAT. en-us Wed, 15 Mar 2017 00:00:00 +0530 Fri, 17 Mar 2017 11:17:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340186 The appeal involved issues regarding undisclosed purchases, disallowance of expenses on an estimated basis, and disallowance under section 40A(3) of the Act. The ITAT partially allowed the appeal, restricting the addition of undisclosed purchases to only the profit element of Rs. 21,548. Disallowance of expenses on an estimated basis was reversed for delivery charges but upheld for installation and tea & tiffin expenses due to lack of supporting evidence. The disallowance under section 40A(3) was dismissed as arguments were not presented, resulting in partial allowance of the appeal by the ITAT. Case-Laws Income Tax Wed, 15 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340186