https://www.taxtmi.com/caselaws?id=473035 Gross profit-based disallowance of purchases treated as accommodation entries was restricted from 12.5% to 7.5% in favour of the assessee. The assessment treated the remaining purchase value as genuine, so the corresponding business activity could not be doubted in second appellate proceedings on that basis. The reduced disallowance does not serve as a precedent for other assessment years. en-us Fri, 25 Apr 2025 00:00:00 +0530 Mon, 02 Nov 2026 18:59:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=473035 Gross profit-based disallowance of purchases treated as accommodation entries was restricted from 12.5% to 7.5% in favour of the assessee. The assessment treated the remaining purchase value as genuine, so the corresponding business activity could not be doubted in second appellate proceedings on that basis. The reduced disallowance does not serve as a precedent for other assessment years. Case-Laws Income Tax Fri, 25 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=473035