https://www.taxtmi.com/caselaws?id=796339 Where alleged bogus purchases involve unverifiable suppliers and goods movement, but the books, recorded sales and disclosed profits remain accepted and Section 69C is not invoked, the note states that any addition may be confined to the embedded profit element. It records that a 10% estimated addition was sustained as a permissible fact-based assessment. It also states that reassessment complied with the Section 148A reopening procedure, and that the Assessing Officer need not provide all available material at the notice stage. The note reports no substantial question of law arising. 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 Where alleged bogus purchases involve unverifiable suppliers and goods movement, but the books, recorded sales and disclosed profits remain accepted and Section 69C is not invoked, the note states that any addition may be confined to the embedded profit element. It records that a 10% estimated addition was sustained as a permissible fact-based assessment. It also states that reassessment complied with the Section 148A reopening procedure, and that the Assessing Officer need not provide all available material at the notice stage. The note reports no substantial question of law arising. Case-Laws Income Tax Mon, 27 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796339