https://www.taxtmi.com/caselaws?id=464564 ITAT, MUMBAI - AT set aside the appellate order and held that since books of account were not rejected and purchases were recorded, the parties could not be treated as nonexistent given affidavits and website evidence. Applying precedents from HC decisions, the Tribunal restricted the addition for alleged bogus purchases to 12.5% of the total disputed purchases and directed the AO to compute the disallowance accordingly. en-us Fri, 18 Aug 2017 00:00:00 +0530 Tue, 04 Nov 2025 20:06:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464564 ITAT, MUMBAI - AT set aside the appellate order and held that since books of account were not rejected and purchases were recorded, the parties could not be treated as nonexistent given affidavits and website evidence. Applying precedents from HC decisions, the Tribunal restricted the addition for alleged bogus purchases to 12.5% of the total disputed purchases and directed the AO to compute the disallowance accordingly. Case-Laws Income Tax Fri, 18 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464564