Disallowance of 10% of the purchases made by the assessee from ...
Tax Authority Must Provide Evidence for Disallowing Related Entity Purchases; Suspicion Alone Insufficient for Action.
November 3, 2020
Case Laws Income Tax AT
Disallowance of 10% of the purchases made by the assessee from the sister concern - No addition can be made basing on suspicion, when the books are available before the assessing officer to bring out material sufficient to support his suspicion. In the absence of any such evidence, no ad hoc disallowance could be sustained - AT
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