https://www.taxtmi.com/caselaws?id=793226 In bogus purchase cases involving an accommodation entry provider, the taxable addition is confined to the profit element embedded in the purchases rather than the full purchase value. The addition may be estimated by reference to the assessee's normal profit rate, with reasonable adjustment for the facts. Applying that settled approach, the entire purchase amount could not be treated as income, and only the embedded profit element was added to income. The matter was decided in favour of the assessee to that extent. en-us Tue, 09 Jun 2026 00:00:00 +0530 Thu, 11 Jun 2026 08:33:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793226 In bogus purchase cases involving an accommodation entry provider, the taxable addition is confined to the profit element embedded in the purchases rather than the full purchase value. The addition may be estimated by reference to the assessee's normal profit rate, with reasonable adjustment for the facts. Applying that settled approach, the entire purchase amount could not be treated as income, and only the embedded profit element was added to income. The matter was decided in favour of the assessee to that extent. Case-Laws Income Tax Tue, 09 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793226