https://www.taxtmi.com/caselaws?id=394583 The High Court upheld the Income Tax Appellate Tribunal's decision regarding the disallowance of bogus purchases and the computation of profit percentage. The court found no substantial question of law in the Tribunal's order, supporting the findings of the Commissioner (Appeals) and previous High Court judgments. The judgment emphasized the factual nature of the dispute, highlighting the importance of reconciling purchases with consumption. The appeals were dismissed, affirming the Tribunal's ruling. en-us Mon, 25 Nov 2019 00:00:00 +0530 Fri, 17 Apr 2020 15:07:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394583 The High Court upheld the Income Tax Appellate Tribunal's decision regarding the disallowance of bogus purchases and the computation of profit percentage. The court found no substantial question of law in the Tribunal's order, supporting the findings of the Commissioner (Appeals) and previous High Court judgments. The judgment emphasized the factual nature of the dispute, highlighting the importance of reconciling purchases with consumption. The appeals were dismissed, affirming the Tribunal's ruling. Case-Laws Income Tax Mon, 25 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394583