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![Purchase from Grey Market cannot fully Disallowed: ITAT restricts Disallowance to 12.5% [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Purchase-Grey-Market-ITAT-Disallowance-Taxscan.jpeg "Purchase from Grey Market cannot fully Disallowed: ITAT restricts Disallowance to 12.5% [Read Order]")
Purchase from Grey Market cannot fully Disallowed: ITAT restricts Disallowance to 12.5% [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has restricted the disallowance to 12.5% for the purchases made by the assessee from grey...
![ITAT Confirms Addition on Account of Purchases made from Grey Market since Assessee Failed to Produce Evidence on Transportation of Goods [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Grey-Market-Taxscan.jpg "ITAT Confirms Addition on Account of Purchases made from Grey Market since Assessee Failed to Produce Evidence on Transportation of Goods [Read Order]")