https://www.taxtmi.com/caselaws?id=779667 Where purchases were treated as non-genuine but the corresponding sales were accepted, the addition was confined to a reasonable profit element rather than the full purchase value. The assessee had not substantiated the purchases and had not complied with notices, so the Assessing Officer proceeded on best judgment basis using Sales Tax Department information. In appeal, the sales side was found undisputed and complete disallowance of purchases was held unwarranted; the addition was estimated at 15% of the impugned purchases. The Tribunal found no infirmity in that estimate and sustained it. en-us Wed, 22 Jan 2025 00:00:00 +0530 Wed, 08 Oct 2025 11:39:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779667 Where purchases were treated as non-genuine but the corresponding sales were accepted, the addition was confined to a reasonable profit element rather than the full purchase value. The assessee had not substantiated the purchases and had not complied with notices, so the Assessing Officer proceeded on best judgment basis using Sales Tax Department information. In appeal, the sales side was found undisputed and complete disallowance of purchases was held unwarranted; the addition was estimated at 15% of the impugned purchases. The Tribunal found no infirmity in that estimate and sustained it. Case-Laws Income Tax Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779667