https://www.taxtmi.com/caselaws?id=422577 The appeal by the Revenue was partly allowed. The Tribunal modified the order of the CIT(A), directing the AO to restrict the disallowance to 6% of the aggregate purchases and to reassess the eligibility for exemption under Section 10AA. This decision balanced the need to address potential revenue leakage while acknowledging the legitimacy of the assessee's sales and exports. en-us Fri, 13 May 2022 00:00:00 +0530 Wed, 18 May 2022 08:58:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422577 The appeal by the Revenue was partly allowed. The Tribunal modified the order of the CIT(A), directing the AO to restrict the disallowance to 6% of the aggregate purchases and to reassess the eligibility for exemption under Section 10AA. This decision balanced the need to address potential revenue leakage while acknowledging the legitimacy of the assessee's sales and exports. Case-Laws Income Tax Fri, 13 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422577