https://www.taxtmi.com/caselaws?id=403926 The Tribunal upheld the Commissioner's decision to limit the addition to 12.5% in a case involving disallowance of non-genuine purchases made by the assessee. The Tribunal found that the assessee failed to provide sufficient evidence to prove the genuineness of the purchases, leading to doubts regarding the legitimacy of the transactions. As a result, the Tribunal dismissed all grounds raised in the appeals and affirmed the Commissioner's decision, ultimately dismissing the appeals on 28/01/2021. en-us Thu, 28 Jan 2021 00:00:00 +0530 Thu, 11 Feb 2021 06:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403926 The Tribunal upheld the Commissioner's decision to limit the addition to 12.5% in a case involving disallowance of non-genuine purchases made by the assessee. The Tribunal found that the assessee failed to provide sufficient evidence to prove the genuineness of the purchases, leading to doubts regarding the legitimacy of the transactions. As a result, the Tribunal dismissed all grounds raised in the appeals and affirmed the Commissioner's decision, ultimately dismissing the appeals on 28/01/2021. Case-Laws Income Tax Thu, 28 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403926