https://www.taxtmi.com/caselaws?id=350305 The appeals of the assessee for AYs 2007-08, 2008-09, and 2013-14 were partly allowed, while those for AYs 2010-11 and 2011-12 were dismissed. The Revenue's appeals for AYs 2007-08, 2008-09, and 2011-12 were dismissed. The Tribunal emphasized the importance of reasonably estimating profit elements in non-genuine purchases and following judicial precedents in disallowance under section 14A. en-us Mon, 30 Oct 2017 00:00:00 +0530 Fri, 03 Nov 2017 10:52:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350305 The appeals of the assessee for AYs 2007-08, 2008-09, and 2013-14 were partly allowed, while those for AYs 2010-11 and 2011-12 were dismissed. The Revenue's appeals for AYs 2007-08, 2008-09, and 2011-12 were dismissed. The Tribunal emphasized the importance of reasonably estimating profit elements in non-genuine purchases and following judicial precedents in disallowance under section 14A. Case-Laws Income Tax Mon, 30 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350305