https://www.taxtmi.com/caselaws?id=281910 The appeal was partly allowed, with the Tribunal directing the Assessing Officer to restrict the disallowance to 5% of the purchase amount. The Tribunal found that the purchases were genuine but recommended limiting the disallowance to the profit margin embedded in the transactions. Other grounds raised by the appellant were dismissed or considered consequential. The order was issued on 29th April 2019. en-us Mon, 29 Apr 2019 00:00:00 +0530 Fri, 12 Jul 2019 06:36:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281910 The appeal was partly allowed, with the Tribunal directing the Assessing Officer to restrict the disallowance to 5% of the purchase amount. The Tribunal found that the purchases were genuine but recommended limiting the disallowance to the profit margin embedded in the transactions. Other grounds raised by the appellant were dismissed or considered consequential. The order was issued on 29th April 2019. Case-Laws Income Tax Mon, 29 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281910