https://www.taxtmi.com/caselaws?id=370088 The Tribunal partially allowed the appeal by restricting the disallowance to 12.5% of the bogus purchases and dismissing the deduction claim under section 80IB(10) due to the nature of the purchases. The decision was based on the principle that only the profit element from such transactions should be added to the assessee's income, following established legal precedents. en-us Tue, 21 Aug 2018 00:00:00 +0530 Fri, 09 Nov 2018 19:03:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370088 The Tribunal partially allowed the appeal by restricting the disallowance to 12.5% of the bogus purchases and dismissing the deduction claim under section 80IB(10) due to the nature of the purchases. The decision was based on the principle that only the profit element from such transactions should be added to the assessee's income, following established legal precedents. Case-Laws Income Tax Tue, 21 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370088