https://www.taxtmi.com/caselaws?id=756270 The Gujarat HC upheld the ITAT's decision to restrict disallowance of bogus purchases to 6% instead of the original 12.5%. The court found that the Tribunal's conclusion was based on proper analysis of available facts and figures. The HC determined that no interference was warranted with the Tribunal's findings, as the decision was well-reasoned and supported by the material evidence presented before it. en-us Tue, 23 Jan 2024 00:00:00 +0530 Mon, 03 Aug 2026 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756270 The Gujarat HC upheld the ITAT's decision to restrict disallowance of bogus purchases to 6% instead of the original 12.5%. The court found that the Tribunal's conclusion was based on proper analysis of available facts and figures. The HC determined that no interference was warranted with the Tribunal's findings, as the decision was well-reasoned and supported by the material evidence presented before it. Case-Laws Income Tax Tue, 23 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756270