https://www.taxtmi.com/caselaws?id=343363 Primary documentary evidence supported the purchases, including ledger accounts, purchase bills, delivery challans, bank statements and quantitative details, and the sales were not disputed. Mere non-production of suppliers and third-party Sales Tax information was insufficient to treat the purchases as wholly bogus without further enquiry or proof of fabricated documents or cash back. On that basis, complete disallowance was not justified, but an estimated addition for possible profit element remained appropriate. The estimated addition was therefore restricted to a lower percentage of the alleged bogus purchases, giving the assessee partial relief. en-us Fri, 05 May 2017 00:00:00 +0530 Wed, 30 Aug 2017 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343363 Primary documentary evidence supported the purchases, including ledger accounts, purchase bills, delivery challans, bank statements and quantitative details, and the sales were not disputed. Mere non-production of suppliers and third-party Sales Tax information was insufficient to treat the purchases as wholly bogus without further enquiry or proof of fabricated documents or cash back. On that basis, complete disallowance was not justified, but an estimated addition for possible profit element remained appropriate. The estimated addition was therefore restricted to a lower percentage of the alleged bogus purchases, giving the assessee partial relief. Case-Laws Income Tax Fri, 05 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343363