https://www.taxtmi.com/caselaws?id=197170 The Tribunal partly allowed the appeals of different assessees and dismissed the revenue appeals. It found that the Assessing Officer (AO) solely relied on information from the Sales Tax Department without sharing it with the assessees or allowing cross-examination. The documentary evidence provided by the assessees was not disproved by the AO. The Tribunal directed the AO to limit the disallowance of purchases to a certain percentage to address potential revenue leakage, taking into account the business nature and declared gross profit. en-us Mon, 31 Jul 2017 00:00:00 +0530 Fri, 29 Dec 2017 08:21:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197170 The Tribunal partly allowed the appeals of different assessees and dismissed the revenue appeals. It found that the Assessing Officer (AO) solely relied on information from the Sales Tax Department without sharing it with the assessees or allowing cross-examination. The documentary evidence provided by the assessees was not disproved by the AO. The Tribunal directed the AO to limit the disallowance of purchases to a certain percentage to address potential revenue leakage, taking into account the business nature and declared gross profit. Case-Laws Income Tax Mon, 31 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197170