https://www.taxtmi.com/caselaws?id=784099 Where purchases are found unverifiable but the corresponding sales are accepted, the addition is confined to the profit element embedded in the disputed purchases rather than the full purchase value. On the facts, the Tribunal accepted that the assessee's sales stood verified and that the first appellate authority's estimate of disallowance at 5% was consistent with the record, making the Assessing Officer's 15% ad hoc addition excessive. The Revenue's challenge was therefore rejected and the restricted disallowance was upheld. en-us Wed, 03 Dec 2025 00:00:00 +0530 Mon, 29 Dec 2025 08:56:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784099 Where purchases are found unverifiable but the corresponding sales are accepted, the addition is confined to the profit element embedded in the disputed purchases rather than the full purchase value. On the facts, the Tribunal accepted that the assessee's sales stood verified and that the first appellate authority's estimate of disallowance at 5% was consistent with the record, making the Assessing Officer's 15% ad hoc addition excessive. The Revenue's challenge was therefore rejected and the restricted disallowance was upheld. Case-Laws Income Tax Wed, 03 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784099