https://www.taxtmi.com/caselaws?id=370442 The Tribunal dismissed both the assessee's and the Revenue's cross appeals for A.Y. 2009-10 and 2010-11, upholding the CIT(A)'s decisions. The disallowance of an amount based on suspected suppliers was confirmed, with relief granted to the assessee in line with legal precedent. The Tribunal approved the estimation of Gross Profit at 15% on purchases and emphasized consistency with prior cases. The Revenue's appeal for A.Y. 2009-10 was also dismissed as the CIT(A)'s decision had already been endorsed. The Tribunal's rulings were based on the principles of taxation law and legal precedents. en-us Fri, 02 Nov 2018 00:00:00 +0530 Sat, 17 Nov 2018 08:01:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370442 The Tribunal dismissed both the assessee's and the Revenue's cross appeals for A.Y. 2009-10 and 2010-11, upholding the CIT(A)'s decisions. The disallowance of an amount based on suspected suppliers was confirmed, with relief granted to the assessee in line with legal precedent. The Tribunal approved the estimation of Gross Profit at 15% on purchases and emphasized consistency with prior cases. The Revenue's appeal for A.Y. 2009-10 was also dismissed as the CIT(A)'s decision had already been endorsed. The Tribunal's rulings were based on the principles of taxation law and legal precedents. Case-Laws Income Tax Fri, 02 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370442