https://www.taxtmi.com/caselaws?id=291161 The ITAT Mumbai directed the Assessing Officer to disallow 12.5% of the purchases amounting to Rs. 5,22,057, as the sales made by the assessee were not disputed. The ITAT Mumbai partially allowed the appeal, emphasizing the application of the profit rate to the disputed purchases, concluding the case regarding the disallowance of non-genuine purchases for the assessment year 2010-11 on 13th March 2020. en-us Fri, 13 Mar 2020 00:00:00 +0530 Fri, 30 Oct 2020 10:07:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291161 The ITAT Mumbai directed the Assessing Officer to disallow 12.5% of the purchases amounting to Rs. 5,22,057, as the sales made by the assessee were not disputed. The ITAT Mumbai partially allowed the appeal, emphasizing the application of the profit rate to the disputed purchases, concluding the case regarding the disallowance of non-genuine purchases for the assessment year 2010-11 on 13th March 2020. Case-Laws Income Tax Fri, 13 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291161