https://www.taxtmi.com/caselaws?id=793940 Where sales corresponding to the disputed purchases were accepted, no stock shortage was found, and the purchases were recorded in the books and paid through banking channels, the entire amount of alleged bogus purchases could not be added merely because the suppliers were suspected accommodation entities. The proper tax treatment was limited to the profit element embedded in the purchases. On the facts, the parties accepted 8% of the alleged purchase value as a reasonable estimate, and the addition was restricted accordingly. en-us Tue, 23 Jun 2026 00:00:00 +0530 Fri, 26 Jun 2026 07:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793940 Where sales corresponding to the disputed purchases were accepted, no stock shortage was found, and the purchases were recorded in the books and paid through banking channels, the entire amount of alleged bogus purchases could not be added merely because the suppliers were suspected accommodation entities. The proper tax treatment was limited to the profit element embedded in the purchases. On the facts, the parties accepted 8% of the alleged purchase value as a reasonable estimate, and the addition was restricted accordingly. Case-Laws Income Tax Tue, 23 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793940