https://www.taxtmi.com/caselaws?id=192380 The Tribunal allowed the appeals by directing the Assessing Officer to verify the availability of statements and supply them to the assessee. If the statements were not available, no addition should be made. The Tribunal upheld the CIT(A)'s estimation of a 10% disallowance for probable purchases from the grey market. The appeals were allowed as indicated, providing the assessee an opportunity to substantiate their claims and ensuring adherence to the principles of natural justice. en-us Wed, 31 Aug 2016 00:00:00 +0530 Mon, 29 May 2017 08:22:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192380 The Tribunal allowed the appeals by directing the Assessing Officer to verify the availability of statements and supply them to the assessee. If the statements were not available, no addition should be made. The Tribunal upheld the CIT(A)'s estimation of a 10% disallowance for probable purchases from the grey market. The appeals were allowed as indicated, providing the assessee an opportunity to substantiate their claims and ensuring adherence to the principles of natural justice. Case-Laws Income Tax Wed, 31 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192380