https://www.taxtmi.com/caselaws?id=350313 The Tribunal partly allowed Revenue's appeals and dismissed the Assessee's appeal, directing a 4% disallowance for purchases from certain parties to address revenue leakage due to lack of supporting documentation. The Ld.CIT(A) deleted additions for purchases from some suppliers but upheld disallowance for others based on evidence submitted. The case revolved around proving the genuineness of purchases, with the Tribunal finding in favor of the Revenue on the disputed additions under section 69C for bogus purchases. en-us Tue, 31 Oct 2017 00:00:00 +0530 Fri, 03 Nov 2017 10:53:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350313 The Tribunal partly allowed Revenue's appeals and dismissed the Assessee's appeal, directing a 4% disallowance for purchases from certain parties to address revenue leakage due to lack of supporting documentation. The Ld.CIT(A) deleted additions for purchases from some suppliers but upheld disallowance for others based on evidence submitted. The case revolved around proving the genuineness of purchases, with the Tribunal finding in favor of the Revenue on the disputed additions under section 69C for bogus purchases. Case-Laws Income Tax Tue, 31 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350313