https://www.taxtmi.com/caselaws?id=299046 The ITAT partially allowed the appeal, remitting the case to the assessing officer to align with the M.Haji Adam & Co. case law. It emphasized the importance of applying relevant case laws and maintaining accurate records to determine the sustainability of disallowances when sales are not doubted. The CIT(A)'s decision to disallow 100% of the bogus purchases without rejecting sales was found inconsistent with the assessing officer's findings, leading to the remittance for proper assessment in line with the M.Haji Adam & Co. case principles. en-us Fri, 17 Jul 2020 00:00:00 +0530 Thu, 02 Dec 2021 08:51:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299046 The ITAT partially allowed the appeal, remitting the case to the assessing officer to align with the M.Haji Adam & Co. case law. It emphasized the importance of applying relevant case laws and maintaining accurate records to determine the sustainability of disallowances when sales are not doubted. The CIT(A)'s decision to disallow 100% of the bogus purchases without rejecting sales was found inconsistent with the assessing officer's findings, leading to the remittance for proper assessment in line with the M.Haji Adam & Co. case principles. Case-Laws Income Tax Fri, 17 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299046