https://www.taxtmi.com/caselaws?id=366246 The Tribunal upheld the CIT(A)'s decisions regarding the deletion of additions on purchases disallowed under section 69 of the Income Tax Act, emphasizing the genuineness of the documentation provided by the assessee. Additionally, the Tribunal reduced the disallowance of staff welfare, salary, incentive expenses, and sundry labour charges from 10% to 5%, considering the facts and circumstances of the case. The appeal of the assessee was partly allowed, while that of the Revenue was dismissed, highlighting the significance of supporting claims with proper documentation in tax assessments. en-us Wed, 29 Aug 2018 00:00:00 +0530 Fri, 31 Aug 2018 08:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366246 The Tribunal upheld the CIT(A)'s decisions regarding the deletion of additions on purchases disallowed under section 69 of the Income Tax Act, emphasizing the genuineness of the documentation provided by the assessee. Additionally, the Tribunal reduced the disallowance of staff welfare, salary, incentive expenses, and sundry labour charges from 10% to 5%, considering the facts and circumstances of the case. The appeal of the assessee was partly allowed, while that of the Revenue was dismissed, highlighting the significance of supporting claims with proper documentation in tax assessments. Case-Laws Income Tax Wed, 29 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366246