https://www.taxtmi.com/caselaws?id=777256 Primary onus to prove bona fides of purchases governs assessment of alleged bogus purchases; an arbitrary fixed-percentage approach cannot substitute evidentiary assessment. The tribunal's uniform 3% estimation of bogus purchases was found inconsistent with settled precedent and therefore unsustainable, leading to reversal of that specific quantification. The appellate process was exhausted with the higher forum refusing to interfere with the High Court's corrective reasoning, resulting in dismissal of the special leave challenge. en-us Fri, 22 Aug 2025 00:00:00 +0530 Tue, 10 Feb 2026 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777256 Primary onus to prove bona fides of purchases governs assessment of alleged bogus purchases; an arbitrary fixed-percentage approach cannot substitute evidentiary assessment. The tribunal's uniform 3% estimation of bogus purchases was found inconsistent with settled precedent and therefore unsustainable, leading to reversal of that specific quantification. The appellate process was exhausted with the higher forum refusing to interfere with the High Court's corrective reasoning, resulting in dismissal of the special leave challenge. Case-Laws Income Tax Fri, 22 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777256