https://www.taxtmi.com/caselaws?id=468724 In bogus purchase disputes, only the income element embedded in the disputed purchases is taxable, and the appellate tribunal's factual estimate will ordinarily stand unless a substantial question of law arises. On the facts, the Tribunal restricted the addition to 6% after assessing the material on record, the alleged accommodation entry nature of the purchases, and comparable decisions involving the same group. The High Court accepted that reasoning, held that the Revenue's challenge raised no substantial question of law, and left the Tribunal's order undisturbed. en-us Tue, 11 Nov 2025 00:00:00 +0530 Mon, 03 Aug 2026 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468724 In bogus purchase disputes, only the income element embedded in the disputed purchases is taxable, and the appellate tribunal's factual estimate will ordinarily stand unless a substantial question of law arises. On the facts, the Tribunal restricted the addition to 6% after assessing the material on record, the alleged accommodation entry nature of the purchases, and comparable decisions involving the same group. The High Court accepted that reasoning, held that the Revenue's challenge raised no substantial question of law, and left the Tribunal's order undisturbed. Case-Laws Income Tax Tue, 11 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468724