https://www.taxtmi.com/caselaws?id=797159 Alleged bogus purchases supported by books, banking channels, GST records, invoices, delivery challans, stock registers and accepted corresponding sales should not ordinarily result in disallowance of the entire purchase value where the books are not rejected. Supplier-related adverse material and discrepancies in transport documents may justify taxing the embedded profit attributable to unverifiable purchases. The profit element was estimated at 12.5%, with the remaining purchase disallowance deleted. The governing principle is that accepted sales and corroborative accounting and tax records support a profit-based addition rather than full purchase disallowance. en-us Mon, 10 Aug 2026 00:00:00 +0530 Tue, 18 Aug 2026 08:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797159 Alleged bogus purchases supported by books, banking channels, GST records, invoices, delivery challans, stock registers and accepted corresponding sales should not ordinarily result in disallowance of the entire purchase value where the books are not rejected. Supplier-related adverse material and discrepancies in transport documents may justify taxing the embedded profit attributable to unverifiable purchases. The profit element was estimated at 12.5%, with the remaining purchase disallowance deleted. The governing principle is that accepted sales and corroborative accounting and tax records support a profit-based addition rather than full purchase disallowance. Case-Laws Income Tax Mon, 10 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797159