https://www.taxtmi.com/caselaws?id=796820 Where corresponding sales are not disputed and purchases may have been sourced from unregistered dealers, treating the entire alleged bogus-purchase amount as unexplained expenditure is inappropriate. A lump-sum disallowance of 2% of the alleged bogus purchases is considered appropriate, while the remaining addition is deleted. The approach limits the adjustment to the estimated profit element or possible irregularity in procurement rather than disallowing the full purchase value. en-us Wed, 05 Aug 2026 00:00:00 +0530 Tue, 11 Aug 2026 08:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796820 Where corresponding sales are not disputed and purchases may have been sourced from unregistered dealers, treating the entire alleged bogus-purchase amount as unexplained expenditure is inappropriate. A lump-sum disallowance of 2% of the alleged bogus purchases is considered appropriate, while the remaining addition is deleted. The approach limits the adjustment to the estimated profit element or possible irregularity in procurement rather than disallowing the full purchase value. Case-Laws Income Tax Wed, 05 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796820