https://www.taxtmi.com/caselaws?id=796097 Purchases from an unverified supplier may warrant taxation only of the profit or savings embedded in those purchases where corresponding sales, stock records, quantitative movement and bank payments are accepted. Supplier non-verification, cancelled GST registration and failure to establish procurement from the named supplier support an estimated addition, but prior-year rates do not automatically apply without identical facts. For low-margin ferrous and non-ferrous metals trading, disclosed net-profit margins and comparable decisions supported restricting the addition to 2 per cent of disputed purchases and deleting the balance. en-us Tue, 28 Jul 2026 00:00:00 +0530 Fri, 31 Jul 2026 08:27:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796097 Purchases from an unverified supplier may warrant taxation only of the profit or savings embedded in those purchases where corresponding sales, stock records, quantitative movement and bank payments are accepted. Supplier non-verification, cancelled GST registration and failure to establish procurement from the named supplier support an estimated addition, but prior-year rates do not automatically apply without identical facts. For low-margin ferrous and non-ferrous metals trading, disclosed net-profit margins and comparable decisions supported restricting the addition to 2 per cent of disputed purchases and deleting the balance. Case-Laws Income Tax Tue, 28 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796097