https://www.taxtmi.com/caselaws?id=795011 Alleged bogus purchases linked to accommodation entries need not attract complete disallowance where corresponding sales and quantitative and qualitative trading details remain accepted. In such circumstances, taxation may be confined to a reasonable estimate of the embedded profit element; a 6% estimation was treated as fact-based and consistent with comparable trading cases rather than raising a substantial legal question. A further appeal is not maintainable by a party whose position was upheld by the challenged order, because it lacks the status of an aggrieved party. Accordingly, full purchase disallowance was not sustained and the Revenue's connected appeal lacked grievance. en-us Mon, 06 Jul 2026 00:00:00 +0530 Wed, 15 Jul 2026 08:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795011 Alleged bogus purchases linked to accommodation entries need not attract complete disallowance where corresponding sales and quantitative and qualitative trading details remain accepted. In such circumstances, taxation may be confined to a reasonable estimate of the embedded profit element; a 6% estimation was treated as fact-based and consistent with comparable trading cases rather than raising a substantial legal question. A further appeal is not maintainable by a party whose position was upheld by the challenged order, because it lacks the status of an aggrieved party. Accordingly, full purchase disallowance was not sustained and the Revenue's connected appeal lacked grievance. Case-Laws Income Tax Mon, 06 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795011