https://www.taxtmi.com/caselaws?id=451293 The ITAT dismissed the Revenue's appeal against the NFAC order, which was challenged for restricting the disallowance to 12.5% of purchases instead of the entire Rs. 14,90,401/-. The ITAT upheld the CIT(A)'s decision, agreeing that the entire addition was unjustified and that a 12.5% GP rate was reasonable. en-us Thu, 21 Mar 2024 00:00:00 +0530 Sat, 23 Mar 2024 08:25:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451293 The ITAT dismissed the Revenue's appeal against the NFAC order, which was challenged for restricting the disallowance to 12.5% of purchases instead of the entire Rs. 14,90,401/-. The ITAT upheld the CIT(A)'s decision, agreeing that the entire addition was unjustified and that a 12.5% GP rate was reasonable. Case-Laws Income Tax Thu, 21 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451293