Court Limits Disallowance of Consumable Goods Purchases to 15% Despite Decrease in Cotton Use and Unrejected Accounts.

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....Disallowance of purchase of consumable goods, i.e., cotton, gauze and bandage, etc. - ingenuine and unverifiable purchases - the books of account being not rejected and consumption of cotton having comparatively decreased - AO directed to restrict the disallowance to 15 per cent. of purchases- AT....