https://www.taxtmi.com/caselaws?id=382963 The Tribunal directed the Assessing Officer to restrict the disallowance to 5% of the impugned purchase amount, following precedents and considering the facts of the case. The appeal of the assessee was partly allowed, with the Tribunal not addressing the jurisdictional issue under Section 153A of the Income Tax Act, 1961. en-us Tue, 09 Jul 2019 00:00:00 +0530 Fri, 12 Jul 2019 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382963 The Tribunal directed the Assessing Officer to restrict the disallowance to 5% of the impugned purchase amount, following precedents and considering the facts of the case. The appeal of the assessee was partly allowed, with the Tribunal not addressing the jurisdictional issue under Section 153A of the Income Tax Act, 1961. Case-Laws Income Tax Tue, 09 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382963