https://www.taxtmi.com/caselaws?id=792009 Alleged bogus sales and purchases routed through accommodation-entry entities were not treated as requiring full addition; only the profit element embedded in the suspicious turnover was considered taxable. The appellate authority had restricted the addition to 10% of the disputed turnover and deleted the balance made under unexplained cash credit and related heads. On further review, that approach was upheld in principle, but the estimated profit rate was found excessive on the facts. The taxable element was therefore reduced to 5%, and the remaining additions were not sustained. en-us Tue, 19 May 2026 00:00:00 +0530 Thu, 21 May 2026 08:30:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792009 Alleged bogus sales and purchases routed through accommodation-entry entities were not treated as requiring full addition; only the profit element embedded in the suspicious turnover was considered taxable. The appellate authority had restricted the addition to 10% of the disputed turnover and deleted the balance made under unexplained cash credit and related heads. On further review, that approach was upheld in principle, but the estimated profit rate was found excessive on the facts. The taxable element was therefore reduced to 5%, and the remaining additions were not sustained. Case-Laws Income Tax Tue, 19 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792009