https://www.taxtmi.com/caselaws?id=398291 The ITAT upheld the CIT-A's decision to sustain a 12.5% disallowance on account of bogus purchases, rejecting the revenue's appeal for a hundred percent addition. Additionally, the ITAT disallowed the addition under section 43B for service tax based on precedent, while confirming the addition for outstanding VAT due to lack of explanation from the appellant. As a result, the revenue's appeal was dismissed. en-us Tue, 08 Sep 2020 00:00:00 +0530 Thu, 10 Sep 2020 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398291 The ITAT upheld the CIT-A's decision to sustain a 12.5% disallowance on account of bogus purchases, rejecting the revenue's appeal for a hundred percent addition. Additionally, the ITAT disallowed the addition under section 43B for service tax based on precedent, while confirming the addition for outstanding VAT due to lack of explanation from the appellant. As a result, the revenue's appeal was dismissed. Case-Laws Income Tax Tue, 08 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398291