https://www.taxtmi.com/caselaws?id=349374 The Appellate Tribunal partially allowed the assessee's appeal and dismissed the revenue's appeal regarding cross-appeals against the CIT(A)'s order for the assessment year 2011-12. The Tribunal reduced the addition to purchases from 25% to 12.5%, finding that although the assessee had utilized hawala entries for purchases without taking delivery of materials, the initial addition was excessive given the business nature and declared GP. This decision aimed to maintain consistency with past rulings, providing the assessee with relief. The Tribunal's judgment was delivered on 29th September 2017. en-us Fri, 29 Sep 2017 00:00:00 +0530 Thu, 12 Oct 2017 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349374 The Appellate Tribunal partially allowed the assessee's appeal and dismissed the revenue's appeal regarding cross-appeals against the CIT(A)'s order for the assessment year 2011-12. The Tribunal reduced the addition to purchases from 25% to 12.5%, finding that although the assessee had utilized hawala entries for purchases without taking delivery of materials, the initial addition was excessive given the business nature and declared GP. This decision aimed to maintain consistency with past rulings, providing the assessee with relief. The Tribunal's judgment was delivered on 29th September 2017. Case-Laws Income Tax Fri, 29 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349374