https://www.taxtmi.com/caselaws?id=792197 Where alleged bogus purchases are examined on the basis of third-party information without independent enquiry by the Assessing Officer, and the sales remain undisputed with audited books of account, an estimated restriction of disallowance is sustainable. The addition was also supported by the fact that a substantial part of the impugned purchases had already been offered to tax in later years under section 41(1) of the Income-tax Act, 1961. On those facts, the first appellate authority's limited disallowance was upheld and no basis was found for enhancing the addition. en-us Wed, 29 Apr 2026 00:00:00 +0530 Mon, 25 May 2026 08:14:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792197 Where alleged bogus purchases are examined on the basis of third-party information without independent enquiry by the Assessing Officer, and the sales remain undisputed with audited books of account, an estimated restriction of disallowance is sustainable. The addition was also supported by the fact that a substantial part of the impugned purchases had already been offered to tax in later years under section 41(1) of the Income-tax Act, 1961. On those facts, the first appellate authority's limited disallowance was upheld and no basis was found for enhancing the addition. Case-Laws Income Tax Wed, 29 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792197