https://www.taxtmi.com/caselaws?id=340796 The Tribunal partly allowed the appeal, upholding the disallowance of Rs. 19,51,632/- for non-genuine purchases while deleting the disallowance of Rs. 8,40,000/- under Section 40A(2)(b) of the Income Tax Act. The Tribunal found the lack of evidence to substantiate the purchases justified the disallowance, but considered the higher salary paid to the director's wife reasonable given their tax rates. The decision was pronounced on March 1, 2017. en-us Wed, 01 Mar 2017 00:00:00 +0530 Tue, 28 Mar 2017 06:46:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340796 The Tribunal partly allowed the appeal, upholding the disallowance of Rs. 19,51,632/- for non-genuine purchases while deleting the disallowance of Rs. 8,40,000/- under Section 40A(2)(b) of the Income Tax Act. The Tribunal found the lack of evidence to substantiate the purchases justified the disallowance, but considered the higher salary paid to the director's wife reasonable given their tax rates. The decision was pronounced on March 1, 2017. Case-Laws Income Tax Wed, 01 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340796