The Income Tax Appellate Tribunal (ITAT), Mumbai bench has restricted the disallowance to 12.5% for the purchases made by the assessee from grey market against the 100% disallowance made by the income tax Dept. The assessee, Ashok Popatbhai Chaudhari is engaged in the retail trading business. The assessment against the assessee was reopened upon receipt…
Taxscan Premium
Why should you subscribe?
- Enjoy our website without interruptions from advertisements
- Receive Daily newsletters
- Receive realtime Telegram/Whatsapp news updates
- Download original Judgements / Order / Notifications / Circulars, etc
- Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
₹1199 + GST for 1 year
Subscribe Now
Already Subscribed?
Login Now 
