https://www.taxtmi.com/caselaws?id=416158 Where sales were accepted as genuine, only the profit element embedded in suspected bogus purchases was taxable, not the full purchase value; applying that principle, the embedded profit was estimated at 4% because the lower rate was found excessive on the facts of the ferrous and non-ferrous metals . A manual appeal filing was treated as a curable procedural defect, so dismissal solely for non-electronic filing was not justified and the matter had to be restored for decision on merits after compliance with the filing requirement. en-us Thu, 25 Nov 2021 00:00:00 +0530 Wed, 22 Dec 2021 07:50:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416158 Where sales were accepted as genuine, only the profit element embedded in suspected bogus purchases was taxable, not the full purchase value; applying that principle, the embedded profit was estimated at 4% because the lower rate was found excessive on the facts of the ferrous and non-ferrous metals . A manual appeal filing was treated as a curable procedural defect, so dismissal solely for non-electronic filing was not justified and the matter had to be restored for decision on merits after compliance with the filing requirement. Case-Laws Income Tax Thu, 25 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416158