https://www.taxtmi.com/caselaws?id=340308 The Tribunal upheld the CIT(A)'s decision to disallow 12.5% of purchases from suspicious dealers as profit due to lack of evidence of transaction legitimacy. The appellant's appeal was dismissed, reducing the disallowance amount to Rs. 43,55,186 from the initial Rs. 87,10,372 determined by the AO. en-us Tue, 28 Feb 2017 00:00:00 +0530 Fri, 17 Mar 2017 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340308 The Tribunal upheld the CIT(A)'s decision to disallow 12.5% of purchases from suspicious dealers as profit due to lack of evidence of transaction legitimacy. The appellant's appeal was dismissed, reducing the disallowance amount to Rs. 43,55,186 from the initial Rs. 87,10,372 determined by the AO. Case-Laws Income Tax Tue, 28 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340308