https://www.taxtmi.com/caselaws?id=787029 Whether disputed purchases were bogus was resolved by assessing the genuineness through corroborative third party documents (purchase bills, export and shipping bills, bank realizations, stock registers), and by distinguishing this factual matrix from ex parte or evidence absent precedents; the Tribunal applied the Comparative Gross Profit principle to limit additions to the positive difference between gross profit on undisputed and disputed purchases, resulting in deletion of most disallowance and sustaining an addition of Rs. 8,075 in favour of the assessee. en-us Fri, 26 Sep 2025 00:00:00 +0530 Wed, 25 Feb 2026 07:26:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787029 Whether disputed purchases were bogus was resolved by assessing the genuineness through corroborative third party documents (purchase bills, export and shipping bills, bank realizations, stock registers), and by distinguishing this factual matrix from ex parte or evidence absent precedents; the Tribunal applied the Comparative Gross Profit principle to limit additions to the positive difference between gross profit on undisputed and disputed purchases, resulting in deletion of most disallowance and sustaining an addition of Rs. 8,075 in favour of the assessee. Case-Laws Income Tax Fri, 26 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787029