https://www.taxtmi.com/caselaws?id=794020 Recorded sales could not be subjected to an additional 6% profit addition merely because the purchases were alleged to be from bogus parties, where the sales were already credited in the books and no material showed suppression of sales. The Court noted that an earlier 6% addition had already been sustained on the bogus purchases side, and held that no separate addition on the sales figure was permissible without evidence of undisclosed turnover. The revenue's challenge therefore failed. en-us Tue, 09 Jun 2026 00:00:00 +0530 Sat, 27 Jun 2026 08:33:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794020 Recorded sales could not be subjected to an additional 6% profit addition merely because the purchases were alleged to be from bogus parties, where the sales were already credited in the books and no material showed suppression of sales. The Court noted that an earlier 6% addition had already been sustained on the bogus purchases side, and held that no separate addition on the sales figure was permissible without evidence of undisclosed turnover. The revenue's challenge therefore failed. Case-Laws Income Tax Tue, 09 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794020