https://www.taxtmi.com/caselaws?id=361270 The Tribunal allowed the appeal, condoning the delay in filing due to health issues and admitting it for adjudication. Regarding the disallowance of purchases, the Tribunal set aside the CIT(A)'s order, finding the purchases genuine and not involving hawala transactions. The Tribunal directed the Assessing Officer to apply a gross profit rate of 4% and concluded that the total addition to the assessee's income was not justified. The decision was made on 31st May 2018. en-us Thu, 31 May 2018 00:00:00 +0530 Mon, 04 Jun 2018 07:14:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361270 The Tribunal allowed the appeal, condoning the delay in filing due to health issues and admitting it for adjudication. Regarding the disallowance of purchases, the Tribunal set aside the CIT(A)'s order, finding the purchases genuine and not involving hawala transactions. The Tribunal directed the Assessing Officer to apply a gross profit rate of 4% and concluded that the total addition to the assessee's income was not justified. The decision was made on 31st May 2018. Case-Laws Income Tax Thu, 31 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361270