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2014 (3) TMI 854 - DELHI HIGH COURTRate of disallowance of expenses – Held that:- The AO had gone into the matter in quite some detail after obtaining the responses pursuant to notices issued to the suppliers of the goods - in respect of large number of notices only 4 suppliers came forward and supplied the details - That forms the basis for analysis - As to whether the percentage was rightly kept at 3% or 6% is not a substantial question of law arises for consideration – the assessee itself did not appeal to the Tribunal against the disallowance of 3% sustained by the CIT (A), a position which can be prima facie taken as indicative of the reliability of its books and the evidence there was no merit in the appeal - Decided against Assessee.
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