https://www.taxtmi.com/caselaws?id=302130 The Tribunal partially allowed the assessee's appeal, directing the assessing officer to limit the addition to 12.5% of the non-genuine purchases for the assessment year 2010-11. The Tribunal emphasized the significance of considering the profit element in such purchases and highlighted the need to ensure justice by restricting the addition to address revenue leakage. en-us Mon, 31 Dec 2018 00:00:00 +0530 Fri, 06 May 2022 08:30:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302130 The Tribunal partially allowed the assessee's appeal, directing the assessing officer to limit the addition to 12.5% of the non-genuine purchases for the assessment year 2010-11. The Tribunal emphasized the significance of considering the profit element in such purchases and highlighted the need to ensure justice by restricting the addition to address revenue leakage. Case-Laws Income Tax Mon, 31 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302130