https://www.taxtmi.com/caselaws?id=436311 The Appellate Tribunal upheld the Commissioner's decision to partially disallow alleged bogus purchases, confirming the addition of 10% of the amount. The Tribunal emphasized taxing only the profit margin in such transactions, as per relevant case laws. The Revenue's appeal was dismissed, with the decision finalized on 31/03/2023 in Ahmedabad. en-us Fri, 31 Mar 2023 00:00:00 +0530 Mon, 10 Apr 2023 08:56:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436311 The Appellate Tribunal upheld the Commissioner's decision to partially disallow alleged bogus purchases, confirming the addition of 10% of the amount. The Tribunal emphasized taxing only the profit margin in such transactions, as per relevant case laws. The Revenue's appeal was dismissed, with the decision finalized on 31/03/2023 in Ahmedabad. Case-Laws Income Tax Fri, 31 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436311