https://www.taxtmi.com/caselaws?id=783181 Bogus purchase additions were restricted by estimating only the profit element embedded in the corresponding sales, rather than sustaining a full disallowance. The first appellate authority relied on the assessee's past net profit trend and enhanced the net profit rate on the impugned purchases to 2.5% from 1.89%, after noting that tax had already been suffered on the related sales. On scrutiny of the record, no infirmity was found in that approach, and the restriction of the addition was upheld. en-us Thu, 20 Nov 2025 00:00:00 +0530 Thu, 11 Dec 2025 08:55:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783181 Bogus purchase additions were restricted by estimating only the profit element embedded in the corresponding sales, rather than sustaining a full disallowance. The first appellate authority relied on the assessee's past net profit trend and enhanced the net profit rate on the impugned purchases to 2.5% from 1.89%, after noting that tax had already been suffered on the related sales. On scrutiny of the record, no infirmity was found in that approach, and the restriction of the addition was upheld. Case-Laws Income Tax Thu, 20 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783181