https://www.taxtmi.com/caselaws?id=468162 Bogus purchase additions were restricted to 6% where the purchases were found non-genuine on Investigation Wing information relating to the Bhanwarlal Jain group. The HC noted that in similar matters on comparable facts it had already upheld estimation of disallowance at 6%, and found the Tribunal had properly considered the turnover, gross profit, limited scope of the dispute, and the principle that only the income element embedded in such transactions is taxable. Treating the reduction as a fact-based conclusion, the HC declined to interfere and upheld the 6% addition. en-us Tue, 11 Nov 2025 00:00:00 +0530 Mon, 03 Aug 2026 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468162 Bogus purchase additions were restricted to 6% where the purchases were found non-genuine on Investigation Wing information relating to the Bhanwarlal Jain group. The HC noted that in similar matters on comparable facts it had already upheld estimation of disallowance at 6%, and found the Tribunal had properly considered the turnover, gross profit, limited scope of the dispute, and the principle that only the income element embedded in such transactions is taxable. Treating the reduction as a fact-based conclusion, the HC declined to interfere and upheld the 6% addition. Case-Laws Income Tax Tue, 11 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468162