https://www.taxtmi.com/caselaws?id=796339 Bogus-purchase additions may be confined to the embedded profit element where suppliers and goods movement are unverifiable, but the assessment does not invoke unexplained-expenditure provisions and the books, recorded sales and disclosed profits remain accepted. On those facts, a 10% estimation of the disputed purchases was treated as a permissible exercise of discretion. Reassessment was also treated as procedurally valid where the notice and record showed compliance with the reopening process; the Assessing Officer need not provide all material at the notice stage. No substantial question of law arose. en-us Mon, 27 Jul 2026 00:00:00 +0530 Tue, 04 Aug 2026 08:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796339 Bogus-purchase additions may be confined to the embedded profit element where suppliers and goods movement are unverifiable, but the assessment does not invoke unexplained-expenditure provisions and the books, recorded sales and disclosed profits remain accepted. On those facts, a 10% estimation of the disputed purchases was treated as a permissible exercise of discretion. Reassessment was also treated as procedurally valid where the notice and record showed compliance with the reopening process; the Assessing Officer need not provide all material at the notice stage. No substantial question of law arose. Case-Laws Income Tax Mon, 27 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796339