https://www.taxtmi.com/caselaws?id=790132 In cases involving bogus purchases, only the profit element embedded in the disputed purchases is to be brought to tax, not the entire purchase amount, to prevent revenue leakage. The Tribunal applied that principle on the facts and sustained disallowance at 6%, and the High Court found no reason to interfere. The Supreme Court likewise declined interference, noting that a related SLP had already been dismissed on 28.11.2023 and that no grounds were made out to disturb the impugned order. en-us Fri, 17 Apr 2026 00:00:00 +0530 Mon, 03 Aug 2026 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790132 In cases involving bogus purchases, only the profit element embedded in the disputed purchases is to be brought to tax, not the entire purchase amount, to prevent revenue leakage. The Tribunal applied that principle on the facts and sustained disallowance at 6%, and the High Court found no reason to interfere. The Supreme Court likewise declined interference, noting that a related SLP had already been dismissed on 28.11.2023 and that no grounds were made out to disturb the impugned order. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790132