https://www.taxtmi.com/caselaws?id=359785 Purchases from suspected hawala or accommodation-entry suppliers were treated as non-genuine because the notices to the parties remained unserved, the assessee could not produce them, and no reliable transport or delivery evidence was furnished. As sales were accepted, the facts did not justify taxing the entire purchase value as income; instead, the addition was confined to the estimated profit element embedded in the impugned purchases. The disallowance was therefore restricted to 12.5% of the purchases rather than the full amount. en-us Wed, 02 May 2018 00:00:00 +0530 Fri, 04 May 2018 08:51:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359785 Purchases from suspected hawala or accommodation-entry suppliers were treated as non-genuine because the notices to the parties remained unserved, the assessee could not produce them, and no reliable transport or delivery evidence was furnished. As sales were accepted, the facts did not justify taxing the entire purchase value as income; instead, the addition was confined to the estimated profit element embedded in the impugned purchases. The disallowance was therefore restricted to 12.5% of the purchases rather than the full amount. Case-Laws Income Tax Wed, 02 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359785