https://www.taxtmi.com/caselaws?id=309609 The HC upheld the ITAT's decision, affirming a 6% disallowance on disputed purchases linked to accommodation entries. The ITAT's conclusion, based on a detailed analysis of turnover, gross profit, and net profit, was deemed sufficient to prevent revenue leakage. The HC found no substantial questions of law, leading to the summary dismissal of the department's appeal. A related case involving the same group was previously decided in favor of the assessee, further supporting the decision. en-us Tue, 07 Mar 2023 00:00:00 +0530 Thu, 29 Aug 2024 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309609 The HC upheld the ITAT's decision, affirming a 6% disallowance on disputed purchases linked to accommodation entries. The ITAT's conclusion, based on a detailed analysis of turnover, gross profit, and net profit, was deemed sufficient to prevent revenue leakage. The HC found no substantial questions of law, leading to the summary dismissal of the department's appeal. A related case involving the same group was previously decided in favor of the assessee, further supporting the decision. Case-Laws Income Tax Tue, 07 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309609