https://www.taxtmi.com/caselaws?id=404834 The Tribunal upheld the decision of the Commissioner (Appeals) regarding the partial relief granted on non genuine purchases, emphasizing that only the profit element of such purchases could be considered for addition. The Tribunal's analysis focused on the utilization of the disputed purchases in the manufacturing process and subsequent sales, leading to the dismissal of the revenue's appeal. en-us Thu, 25 Feb 2021 00:00:00 +0530 Fri, 05 Mar 2021 09:39:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404834 The Tribunal upheld the decision of the Commissioner (Appeals) regarding the partial relief granted on non genuine purchases, emphasizing that only the profit element of such purchases could be considered for addition. The Tribunal's analysis focused on the utilization of the disputed purchases in the manufacturing process and subsequent sales, leading to the dismissal of the revenue's appeal. Case-Laws Income Tax Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404834