https://www.taxtmi.com/caselaws?id=793435 Alleged bogus purchases from accommodation entry providers were not sustained in full where sales were accepted and the assessee produced purchase records, stock details, delivery challans and banking evidence. As the supplier genuineness was not conclusively established but actual purchases could not be rejected outright, the tribunal held that grey market purchases were possible and only the profit element embedded in the purchases was taxable. The addition was therefore restricted to 10% of the alleged bogus purchases and the balance disallowance was deleted, granting partial relief to the assessee. en-us Wed, 27 May 2026 00:00:00 +0530 Tue, 16 Jun 2026 08:32:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793435 Alleged bogus purchases from accommodation entry providers were not sustained in full where sales were accepted and the assessee produced purchase records, stock details, delivery challans and banking evidence. As the supplier genuineness was not conclusively established but actual purchases could not be rejected outright, the tribunal held that grey market purchases were possible and only the profit element embedded in the purchases was taxable. The addition was therefore restricted to 10% of the alleged bogus purchases and the balance disallowance was deleted, granting partial relief to the assessee. Case-Laws Income Tax Wed, 27 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793435