https://www.taxtmi.com/caselaws?id=790121 Alleged bogus purchases were treated as non-genuine on the basis of departmental investigation, GST registration cancellations and inconsistencies between the suppliers' stated business and the assessee's trading activity, but only the profit element embedded in those purchases was liable to tax. The 25% addition was found excessive because no comparable basis supported that rate and the assessee's audited books already reflected disclosed profit. On the facts, the disputed purchases were brought to tax only to the extent of an estimated margin, and the addition was restricted to 10% with the balance deleted, giving partial relief to the assessee. en-us Fri, 17 Apr 2026 00:00:00 +0530 Mon, 20 Apr 2026 08:30:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790121 Alleged bogus purchases were treated as non-genuine on the basis of departmental investigation, GST registration cancellations and inconsistencies between the suppliers' stated business and the assessee's trading activity, but only the profit element embedded in those purchases was liable to tax. The 25% addition was found excessive because no comparable basis supported that rate and the assessee's audited books already reflected disclosed profit. On the facts, the disputed purchases were brought to tax only to the extent of an estimated margin, and the addition was restricted to 10% with the balance deleted, giving partial relief to the assessee. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790121