2023 (10) TMI 1279

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..... hat the order of the Ld. CIT(A) is cogent based on the facts and placing reliance on the various judgments of Vijay Protein Ltd. [ 1996 (1) TMI 144 - ITAT AHMEDABAD-C ] and N.K. Proteins Ltd. [ 2003 (1) TMI 228 - ITAT AHMEDABAD-C ], Presdient Industries [ 1999 (4) TMI 8 - GUJARAT HIGH COURT ] and Balchand Ajit Kumar [ 2003 (4) TMI 76 - MADHYA PRADESH HIGH COURT ] We decline in interfere with the o .....

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..... 5% on the purchases made of Rs. 32,77,579/-. After going through the details of purchase of gray cloth and the order of the various Benches of the Tribunal, the Ld. CIT(A) determined the disallowance @ 4.5% of the alleged purchase instead of 12.5% determined by the Assessing Officer. We find that the order of the Ld. CIT(A) is cogent based on the facts and placing reliance on the various judgments .....

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