https://www.taxtmi.com/caselaws?id=350094 The Tribunal partially allowed the appeal, reducing the disallowance of alleged bogus purchases to 12.5% from the initial addition of 25% made by the Assessing Officer. The decision was based on substantial evidence supporting the conclusion that the purchases were indeed bogus, considering the nature of the appellant's manufacturing business. The Tribunal emphasized that the disallowance should not be solely based on the absence of doubt regarding sales. The judgment was pronounced on July 3, 2017. en-us Mon, 03 Jul 2017 00:00:00 +0530 Mon, 30 Oct 2017 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350094 The Tribunal partially allowed the appeal, reducing the disallowance of alleged bogus purchases to 12.5% from the initial addition of 25% made by the Assessing Officer. The decision was based on substantial evidence supporting the conclusion that the purchases were indeed bogus, considering the nature of the appellant's manufacturing business. The Tribunal emphasized that the disallowance should not be solely based on the absence of doubt regarding sales. The judgment was pronounced on July 3, 2017. Case-Laws Income Tax Mon, 03 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350094