https://www.taxtmi.com/highlights?id=39720 Disallowance of purchases - Even if the purchases are not genuine or are bogus the entire addition to the income of the assessee is uncalled for and wrong. The purpose of the statute is only to tax the income of the assessee, which is only a fraction of the total purchases. - AT en-us Mon, 04 Jun 2018 08:16:48 +0530 Mon, 04 Jun 2018 08:16:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=39720 Disallowance of purchases - Even if the purchases are not genuine or are bogus the entire addition to the income of the assessee is uncalled for and wrong. The purpose of the statute is only to tax the income of the assessee, which is only a fraction of the total purchases. - AT Highlights Income Tax Mon, 04 Jun 2018 08:16:48 +0530 https://www.taxtmi.com/highlights?id=39720