https://www.taxtmi.com/caselaws?id=307784 The Tribunal upheld the CIT(A)'s decision to add 12.5% of disputed purchases to the total income for Assessment Years 2009-10 and 2010-11. Despite the assessee's claims of genuine purchases, based on findings of non-existent parties and grey market transactions, the Tribunal dismissed both the assessee's and Revenue's cross-appeals, affirming the addition for both years. en-us Fri, 20 Jan 2017 00:00:00 +0530 Sun, 07 May 2023 09:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307784 The Tribunal upheld the CIT(A)'s decision to add 12.5% of disputed purchases to the total income for Assessment Years 2009-10 and 2010-11. Despite the assessee's claims of genuine purchases, based on findings of non-existent parties and grey market transactions, the Tribunal dismissed both the assessee's and Revenue's cross-appeals, affirming the addition for both years. Case-Laws Income Tax Fri, 20 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307784