https://www.taxtmi.com/caselaws?id=354551 The ITAT partially allowed the assessee's appeal by deleting the disallowance under section 14A, reducing the disallowance on alleged bogus purchases, and allowing the deduction claimed for employee contributions to PF/ESIC. The Tribunal emphasized the lack of independent verification by the Assessing Officer in the case of alleged bogus purchases and held that no disallowance could be made considering the amendment to section 43B of the Act. The judgment was pronounced on 10.11.2017. en-us Fri, 10 Nov 2017 00:00:00 +0530 Wed, 31 Jan 2018 08:50:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354551 The ITAT partially allowed the assessee's appeal by deleting the disallowance under section 14A, reducing the disallowance on alleged bogus purchases, and allowing the deduction claimed for employee contributions to PF/ESIC. The Tribunal emphasized the lack of independent verification by the Assessing Officer in the case of alleged bogus purchases and held that no disallowance could be made considering the amendment to section 43B of the Act. The judgment was pronounced on 10.11.2017. Case-Laws Income Tax Fri, 10 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354551