https://www.taxtmi.com/caselaws?id=359170 The Tribunal partially allowed the appeals by directing a 12.5% disallowance on alleged bogus purchases for all three assessment years, modifying the decisions of the AO and CIT(A). This decision was based on the principle of preponderance of probabilities, considering the scale of the assessee's operations and the turnover. The Tribunal found that while the material was likely used, the inability to produce the parties and adverse field reports justified the partial disallowance. en-us Mon, 23 Apr 2018 00:00:00 +0530 Wed, 25 Apr 2018 06:17:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359170 The Tribunal partially allowed the appeals by directing a 12.5% disallowance on alleged bogus purchases for all three assessment years, modifying the decisions of the AO and CIT(A). This decision was based on the principle of preponderance of probabilities, considering the scale of the assessee's operations and the turnover. The Tribunal found that while the material was likely used, the inability to produce the parties and adverse field reports justified the partial disallowance. Case-Laws Income Tax Mon, 23 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359170