https://www.taxtmi.com/caselaws?id=794734 Where alleged bogus purchases were supported by accepted turnover, unchallenged sales, banking-channel payments and documentary material, and the books were not rejected under section 145(3), only the embedded profit element could be estimated; the addition was sustained at 3.5% of the disputed purchases. Reopening under sections 148A and 147 was also upheld because it was based on information, post-search enquiries and the supplier's statement, and the record did not show direct reliance on incriminating seized material requiring proceedings under section 153C instead. The assessee failed on both issues, and the connected appeals and cross-objections were dismissed. en-us Tue, 07 Jul 2026 00:00:00 +0530 Fri, 10 Jul 2026 07:39:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794734 Where alleged bogus purchases were supported by accepted turnover, unchallenged sales, banking-channel payments and documentary material, and the books were not rejected under section 145(3), only the embedded profit element could be estimated; the addition was sustained at 3.5% of the disputed purchases. Reopening under sections 148A and 147 was also upheld because it was based on information, post-search enquiries and the supplier's statement, and the record did not show direct reliance on incriminating seized material requiring proceedings under section 153C instead. The assessee failed on both issues, and the connected appeals and cross-objections were dismissed. Case-Laws Income Tax Tue, 07 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794734