https://www.taxtmi.com/caselaws?id=769166 Alleged bogus purchases supported by books of account and payments through account payee cheques were not disallowed in full, because the disputed suppliers were treated as hawala dealers only on Sales Tax Department information and similar cases had upheld estimation of profit element instead of full addition. The addition was therefore restricted to 12.5% of the alleged bogus purchases, applying a gross profit rate to the disputed purchases rather than sustaining the entire amount. en-us Mon, 24 Feb 2025 00:00:00 +0530 Sat, 19 Apr 2025 07:02:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769166 Alleged bogus purchases supported by books of account and payments through account payee cheques were not disallowed in full, because the disputed suppliers were treated as hawala dealers only on Sales Tax Department information and similar cases had upheld estimation of profit element instead of full addition. The addition was therefore restricted to 12.5% of the alleged bogus purchases, applying a gross profit rate to the disputed purchases rather than sustaining the entire amount. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769166