https://www.taxtmi.com/caselaws?id=352304 Disallowance of 12.5% of alleged bogus purchases was sustained where the assessee failed to produce the suppliers, confirmations, or transportation evidence, and notices to the parties were returned unserved. The surrounding material showed that the suppliers were non-existent and were accommodation entry providers, so the purchases were treated as supported only by paperwork. On these facts, the Revenue's addition on account of bogus purchases was upheld and the assessee's challenge failed. en-us Mon, 04 Dec 2017 00:00:00 +0530 Tue, 12 Dec 2017 09:35:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352304 Disallowance of 12.5% of alleged bogus purchases was sustained where the assessee failed to produce the suppliers, confirmations, or transportation evidence, and notices to the parties were returned unserved. The surrounding material showed that the suppliers were non-existent and were accommodation entry providers, so the purchases were treated as supported only by paperwork. On these facts, the Revenue's addition on account of bogus purchases was upheld and the assessee's challenge failed. Case-Laws Income Tax Mon, 04 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352304