https://www.taxtmi.com/caselaws?id=350982 The tribunal partly allowed the Revenue's appeal, estimating an additional income of Rs. 38,08,709/- to be taxed, reflecting 12.5% of alleged bogus purchases made by the assessee from the grey market. This adjustment aligns the total income with the presumptive tax scheme for small contractors under Section 44AD. en-us Tue, 14 Nov 2017 00:00:00 +0530 Thu, 16 Nov 2017 09:39:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350982 The tribunal partly allowed the Revenue's appeal, estimating an additional income of Rs. 38,08,709/- to be taxed, reflecting 12.5% of alleged bogus purchases made by the assessee from the grey market. This adjustment aligns the total income with the presumptive tax scheme for small contractors under Section 44AD. Case-Laws Income Tax Tue, 14 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350982