https://www.taxtmi.com/caselaws?id=293926 The tribunal dismissed Revenue's appeal, upholding CIT(A)'s decision to restrict the addition of bogus purchases to 12.5% of the amount. The tribunal found the appellant failed to prove the purchases' genuineness and supported CIT(A)'s reliance on ITAT precedents. The decision was deemed justified, and the tribunal clarified the percentage should not create a precedent for future assessments. en-us Fri, 25 Nov 2016 00:00:00 +0530 Wed, 10 Mar 2021 08:28:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293926 The tribunal dismissed Revenue's appeal, upholding CIT(A)'s decision to restrict the addition of bogus purchases to 12.5% of the amount. The tribunal found the appellant failed to prove the purchases' genuineness and supported CIT(A)'s reliance on ITAT precedents. The decision was deemed justified, and the tribunal clarified the percentage should not create a precedent for future assessments. Case-Laws Income Tax Fri, 25 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293926