https://www.taxtmi.com/caselaws?id=469936 Where sales were accepted and the assessee's own earlier years showed a consistent approach, only the profit element embedded in disputed purchases could be taxed. On identical facts, the first appellate authority's restriction of the addition to 12.5% was held to accord with the settled method of making a limited disallowance in bogus purchase cases, and that restriction was upheld. The Revenue's challenge therefore failed. en-us Tue, 11 Mar 2025 00:00:00 +0530 Thu, 09 Jul 2026 20:20:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469936 Where sales were accepted and the assessee's own earlier years showed a consistent approach, only the profit element embedded in disputed purchases could be taxed. On identical facts, the first appellate authority's restriction of the addition to 12.5% was held to accord with the settled method of making a limited disallowance in bogus purchase cases, and that restriction was upheld. The Revenue's challenge therefore failed. Case-Laws Income Tax Tue, 11 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469936