https://www.taxtmi.com/caselaws?id=411767 The ITAT affirmed the Commissioner's decision to disallow 12.5% of alleged non-genuine purchases in each year, attributing it to profit suppression by the assessee. Lack of conclusive evidence and failure to verify purchases led to the dismissal of the appeals on 15/04/2021 for assessment years 2009-10, 2010-11, and 2011-12. en-us Thu, 15 Apr 2021 00:00:00 +0530 Fri, 03 Sep 2021 09:04:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411767 The ITAT affirmed the Commissioner's decision to disallow 12.5% of alleged non-genuine purchases in each year, attributing it to profit suppression by the assessee. Lack of conclusive evidence and failure to verify purchases led to the dismissal of the appeals on 15/04/2021 for assessment years 2009-10, 2010-11, and 2011-12. Case-Laws Income Tax Thu, 15 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411767