https://www.taxtmi.com/caselaws?id=280067 The High Court addressed multiple Tax Appeals where the ITAT limited the disallowance to 25% of alleged bogus purchases for various Assessment Years. The Revenue challenged this, advocating for 100% disallowance, leading to a discrepancy with the assessees who argued for a 5% limit. The Court dismissed certain Revenue appeals but admitted others to determine if a 100% disallowance was warranted. The judgment focused on the differing perspectives on disallowance percentages and the admissibility of appeals based on aggrievement, emphasizing the core legal question of the appropriate disallowance percentage. en-us Mon, 18 Jun 2018 00:00:00 +0530 Fri, 19 Apr 2019 05:57:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280067 The High Court addressed multiple Tax Appeals where the ITAT limited the disallowance to 25% of alleged bogus purchases for various Assessment Years. The Revenue challenged this, advocating for 100% disallowance, leading to a discrepancy with the assessees who argued for a 5% limit. The Court dismissed certain Revenue appeals but admitted others to determine if a 100% disallowance was warranted. The judgment focused on the differing perspectives on disallowance percentages and the admissibility of appeals based on aggrievement, emphasizing the core legal question of the appropriate disallowance percentage. Case-Laws Income Tax Mon, 18 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280067