https://www.taxtmi.com/caselaws?id=353498 The Tribunal partly allowed the assessee's appeal by condoning the delay in filing the appeal, restricting the disallowance of bogus purchases to 12.50% of the value, and emphasizing the need for decisions to be based on the specific facts of each case. The Tribunal found that the revenue failed to establish factual parity between the case at hand and the case cited by the Department, ultimately directing the Assessing Officer to limit the disallowance accordingly. en-us Thu, 14 Dec 2017 00:00:00 +0530 Fri, 05 Jan 2018 09:26:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353498 The Tribunal partly allowed the assessee's appeal by condoning the delay in filing the appeal, restricting the disallowance of bogus purchases to 12.50% of the value, and emphasizing the need for decisions to be based on the specific facts of each case. The Tribunal found that the revenue failed to establish factual parity between the case at hand and the case cited by the Department, ultimately directing the Assessing Officer to limit the disallowance accordingly. Case-Laws Income Tax Thu, 14 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353498