https://www.taxtmi.com/caselaws?id=406174 The Tribunal partially allowed the appeal by adjusting the taxable amount based on a reduced profit estimation percentage of 6% for non-genuine purchases. The reassessment under section 143(3) r.w.s. 147 was upheld, impacting penalty and interest calculations. The Tribunal's decision focused on revising the taxable amount to Rs. 2,81,560, indicating a partial allowance of the appeal. en-us Fri, 05 Mar 2021 00:00:00 +0530 Thu, 08 Apr 2021 09:39:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406174 The Tribunal partially allowed the appeal by adjusting the taxable amount based on a reduced profit estimation percentage of 6% for non-genuine purchases. The reassessment under section 143(3) r.w.s. 147 was upheld, impacting penalty and interest calculations. The Tribunal's decision focused on revising the taxable amount to Rs. 2,81,560, indicating a partial allowance of the appeal. Case-Laws Income Tax Fri, 05 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406174