https://www.taxtmi.com/caselaws?id=411281 The Tribunal allowed the appeal of the assessee, vacating the addition of 3% of the disputed purchases made from alleged non-genuine parties. The issues concerning the levy of interest under Sections 234B and 234C of the Income Tax Act, 1961, and the initiation of penalty proceedings under Section 271(1)(c) were acknowledged but not explicitly resolved in the Tribunal's final decision. en-us Thu, 12 Aug 2021 00:00:00 +0530 Sat, 21 Aug 2021 08:32:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411281 The Tribunal allowed the appeal of the assessee, vacating the addition of 3% of the disputed purchases made from alleged non-genuine parties. The issues concerning the levy of interest under Sections 234B and 234C of the Income Tax Act, 1961, and the initiation of penalty proceedings under Section 271(1)(c) were acknowledged but not explicitly resolved in the Tribunal's final decision. Case-Laws Income Tax Thu, 12 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411281