https://www.taxtmi.com/caselaws?id=292457 The ITAT dismissed the Revenue's appeal seeking 100% disallowance of bogus purchases, upholding the ld. Commissioner's decision to restrict the disallowance to 25%. The ITAT found the assessing officer had credible information on accommodation entry providers for bogus bills, and the assessee failed to provide evidence or produce parties for examination. In the assessee's appeal, the ITAT reduced the disallowance to 12.5%, considering the lack of confirmation from hawala parties. The cross objection regarding cross-examination of hawala dealers was dismissed. The judgment was pronounced on 22.03.2018. en-us Thu, 22 Mar 2018 00:00:00 +0530 Fri, 25 Dec 2020 09:34:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292457 The ITAT dismissed the Revenue's appeal seeking 100% disallowance of bogus purchases, upholding the ld. Commissioner's decision to restrict the disallowance to 25%. The ITAT found the assessing officer had credible information on accommodation entry providers for bogus bills, and the assessee failed to provide evidence or produce parties for examination. In the assessee's appeal, the ITAT reduced the disallowance to 12.5%, considering the lack of confirmation from hawala parties. The cross objection regarding cross-examination of hawala dealers was dismissed. The judgment was pronounced on 22.03.2018. Case-Laws Income Tax Thu, 22 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292457