https://www.taxtmi.com/caselaws?id=373720 The appellate tribunal modified the order to restrict the disallowance to 12.5% of the alleged bogus purchases, partially allowing the appeal filed by the assessee. The decision considered documentary evidence provided by the assessee, the genuineness of sales, and the rationale behind the disallowance percentage, ultimately leading to the adjustment in the disallowance percentage from 8% to 12.5% based on the gross profit rate declared by the assessee. en-us Wed, 16 Jan 2019 00:00:00 +0530 Fri, 18 Jan 2019 08:12:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373720 The appellate tribunal modified the order to restrict the disallowance to 12.5% of the alleged bogus purchases, partially allowing the appeal filed by the assessee. The decision considered documentary evidence provided by the assessee, the genuineness of sales, and the rationale behind the disallowance percentage, ultimately leading to the adjustment in the disallowance percentage from 8% to 12.5% based on the gross profit rate declared by the assessee. Case-Laws Income Tax Wed, 16 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373720