https://www.taxtmi.com/caselaws?id=390268 The Tribunal partly allowed the appeal by directing an ad-hoc addition of 10% for unexplained purchases, allowing the claim for bad debts as a business loss, and dismissing the claim for VAT credit written off. The Tribunal found the assessee's purchases potentially from the grey market and justified using accommodation bills, leading to the ad-hoc addition to prevent revenue leakage. The Tribunal also considered commercial transactions in allowing the bad debts claim but dismissed the VAT credit claim due to lack of supporting evidence. en-us Tue, 01 Oct 2019 00:00:00 +0530 Fri, 27 Dec 2019 08:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390268 The Tribunal partly allowed the appeal by directing an ad-hoc addition of 10% for unexplained purchases, allowing the claim for bad debts as a business loss, and dismissing the claim for VAT credit written off. The Tribunal found the assessee's purchases potentially from the grey market and justified using accommodation bills, leading to the ad-hoc addition to prevent revenue leakage. The Tribunal also considered commercial transactions in allowing the bad debts claim but dismissed the VAT credit claim due to lack of supporting evidence. Case-Laws Income Tax Tue, 01 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390268