https://www.taxtmi.com/highlights?id=97094 Addressing disputed purchases and commission claims, the note holds that where sales and business are accepted, purchases cannot be treated as wholly non-existent and an addition should be limited to the profit element; accordingly purchases from two suppliers (where statutory notices were unserved) were estimated at the declared gross profit rate of 6.5% to account for possible embedded profit and price inflation. Separately, commission and brokerage payments were held allowable where primary documentary evidence (ledgers, bills, bank payments, TDS proof) was produced and no independent adverse material or enquiries proved the payments were sham, so full disallowance was not justified. en-us Mon, 23 Feb 2026 17:13:45 +0530 Mon, 23 Feb 2026 17:13:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97094 Addressing disputed purchases and commission claims, the note holds that where sales and business are accepted, purchases cannot be treated as wholly non-existent and an addition should be limited to the profit element; accordingly purchases from two suppliers (where statutory notices were unserved) were estimated at the declared gross profit rate of 6.5% to account for possible embedded profit and price inflation. Separately, commission and brokerage payments were held allowable where primary documentary evidence (ledgers, bills, bank payments, TDS proof) was produced and no independent adverse material or enquiries proved the payments were sham, so full disallowance was not justified. Highlights Income Tax Mon, 23 Feb 2026 17:13:45 +0530 https://www.taxtmi.com/highlights?id=97094