https://www.taxtmi.com/caselaws?id=468037 Bogus sales were found where purchasers denied transactions, section 133(6) notices remained unserved, and the assessee failed to rebut the Revenue's enquiries with satisfactory evidence. The appellate authority further treated the receipt pattern, including cash receipts below the prescribed threshold and demand drafts purchased in cash, as indicative of fabricated sales and inflated profits. On those factual findings, the Tribunal upheld assessment of the resulting profit as income from other sources and sustained denial of deduction under section 80IB on the impugned amounts. en-us Wed, 04 Nov 2015 00:00:00 +0530 Tue, 14 Apr 2026 14:59:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468037 Bogus sales were found where purchasers denied transactions, section 133(6) notices remained unserved, and the assessee failed to rebut the Revenue's enquiries with satisfactory evidence. The appellate authority further treated the receipt pattern, including cash receipts below the prescribed threshold and demand drafts purchased in cash, as indicative of fabricated sales and inflated profits. On those factual findings, the Tribunal upheld assessment of the resulting profit as income from other sources and sustained denial of deduction under section 80IB on the impugned amounts. Case-Laws Income Tax Wed, 04 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468037