https://www.taxtmi.com/caselaws?id=465646 Whether purchases could be treated as bogus where supported by E-way bills was the dominant issue. The ITAT held that E-way bills evidence movement of goods, so purchases supported by such bills could not be treated as non-genuine for either AY. For purchases not supported by E-way bills, the ITAT treated them as unproved purchases but, since corresponding sales were already accepted for taxation, only the profit element could be brought to tax. Consequently, the AO was directed to exclude E-way bill-supported purchases from disallowance and, subject to verification, to estimate and add 6% profit on purchases not backed by E-way bills. en-us Fri, 21 Nov 2025 00:00:00 +0530 Sat, 03 Jan 2026 15:56:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465646 Whether purchases could be treated as bogus where supported by E-way bills was the dominant issue. The ITAT held that E-way bills evidence movement of goods, so purchases supported by such bills could not be treated as non-genuine for either AY. For purchases not supported by E-way bills, the ITAT treated them as unproved purchases but, since corresponding sales were already accepted for taxation, only the profit element could be brought to tax. Consequently, the AO was directed to exclude E-way bill-supported purchases from disallowance and, subject to verification, to estimate and add 6% profit on purchases not backed by E-way bills. Case-Laws Income Tax Fri, 21 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465646