https://www.taxtmi.com/caselaws?id=389319 The Tribunal upheld the Commissioner (Appeals)' decision to restrict additions to 12.5% of non-genuine purchases in each assessment year, considering the nature of the business and specific circumstances. The Tribunal dismissed the Revenue's appeals, acknowledging the goods were bought but possibly to evade taxes and generate undisclosed profits, thus addressing revenue leakage by adding the profit element. The judgment was pronounced on 25.10.2019. en-us Fri, 25 Oct 2019 00:00:00 +0530 Thu, 05 Dec 2019 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389319 The Tribunal upheld the Commissioner (Appeals)' decision to restrict additions to 12.5% of non-genuine purchases in each assessment year, considering the nature of the business and specific circumstances. The Tribunal dismissed the Revenue's appeals, acknowledging the goods were bought but possibly to evade taxes and generate undisclosed profits, thus addressing revenue leakage by adding the profit element. The judgment was pronounced on 25.10.2019. Case-Laws Income Tax Fri, 25 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389319