https://www.taxtmi.com/caselaws?id=348461 The Tribunal allowed the assessee's appeals despite delays in filing, citing genuine reasons and lack of opposition. Disallowance of alleged bogus purchases was reduced to 12.5% due to insufficient evidence and lack of independent inquiry. The issue of bad debts disallowance was remanded for fresh consideration by the CIT(A). The Revenue's appeal was dismissed due to insufficient tax effect. The Tribunal partially allowed the assessee's appeals, addressing issues of delay, disallowances, and burden of proof effectively. en-us Wed, 13 Sep 2017 00:00:00 +0530 Fri, 22 Sep 2017 06:49:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348461 The Tribunal allowed the assessee's appeals despite delays in filing, citing genuine reasons and lack of opposition. Disallowance of alleged bogus purchases was reduced to 12.5% due to insufficient evidence and lack of independent inquiry. The issue of bad debts disallowance was remanded for fresh consideration by the CIT(A). The Revenue's appeal was dismissed due to insufficient tax effect. The Tribunal partially allowed the assessee's appeals, addressing issues of delay, disallowances, and burden of proof effectively. Case-Laws Income Tax Wed, 13 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348461