https://www.taxtmi.com/caselaws?id=795419 Disallowance of 12.5% of purchases treated as non-genuine was considered sustainable where invoices, delivery documents, GSTR-2A entries, ledger records and banking-channel payments did not prove actual movement of goods. The absence of input-output analysis or evidence showing consumption of the alleged purchases in production supported an estimate of the profit element embedded in such purchases. The notes state that the restricted disallowance was sustained against the assessee. en-us Thu, 18 Jun 2026 00:00:00 +0530 Wed, 22 Jul 2026 08:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795419 Disallowance of 12.5% of purchases treated as non-genuine was considered sustainable where invoices, delivery documents, GSTR-2A entries, ledger records and banking-channel payments did not prove actual movement of goods. The absence of input-output analysis or evidence showing consumption of the alleged purchases in production supported an estimate of the profit element embedded in such purchases. The notes state that the restricted disallowance was sustained against the assessee. Case-Laws Income Tax Thu, 18 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795419