https://www.taxtmi.com/caselaws?id=281471 The court upheld the tribunal's decision, confirming a 15% disallowance of purchases made from SKS by the assessee, a public limited company operating a hospital. The court found the tribunal's reliance on statements from the MD and accountant valid, with no need for further interference. The judgment clarified that no prosecution would be initiated based on this assessment order, as the case did not meet the standard of proof beyond reasonable doubt. The appeals challenging the disallowance of purchases and trading addition were dismissed in favor of the department. en-us Wed, 11 Oct 2017 00:00:00 +0530 Thu, 20 Jun 2019 15:23:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281471 The court upheld the tribunal's decision, confirming a 15% disallowance of purchases made from SKS by the assessee, a public limited company operating a hospital. The court found the tribunal's reliance on statements from the MD and accountant valid, with no need for further interference. The judgment clarified that no prosecution would be initiated based on this assessment order, as the case did not meet the standard of proof beyond reasonable doubt. The appeals challenging the disallowance of purchases and trading addition were dismissed in favor of the department. Case-Laws Income Tax Wed, 11 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281471