https://www.taxtmi.com/caselaws?id=285765 Alleged bogus purchase additions may be confined to the probable profit element where the assessee produces ledger accounts, tax invoices, delivery challans, dealer confirmations, bank statements, quantitative purchase details, and consumption evidence such as an architect's certificate. Comparable project cost data and acceptance of the project completion method supported the view that there was no basis to disallow the entire purchase amount. Non-service of section 133(6) notices and the characterization of some sellers as accommodation providers did not justify full addition in the absence of adverse findings against the supporting records. The addition was therefore restricted to 2% of the purchases, granting partial relief. en-us Tue, 13 Feb 2018 00:00:00 +0530 Sat, 25 Jan 2020 08:34:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285765 Alleged bogus purchase additions may be confined to the probable profit element where the assessee produces ledger accounts, tax invoices, delivery challans, dealer confirmations, bank statements, quantitative purchase details, and consumption evidence such as an architect's certificate. Comparable project cost data and acceptance of the project completion method supported the view that there was no basis to disallow the entire purchase amount. Non-service of section 133(6) notices and the characterization of some sellers as accommodation providers did not justify full addition in the absence of adverse findings against the supporting records. The addition was therefore restricted to 2% of the purchases, granting partial relief. Case-Laws Income Tax Tue, 13 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285765