https://www.taxtmi.com/caselaws?id=797781 Accepted sales, maintained quantitative records and unrejected books of account preclude addition of the entire value of alleged bogus purchases merely because suppliers or purchases remain insufficiently substantiated. In those circumstances, tax is confined to the profit element embedded in the non-genuine purchases, rather than the full purchase amount. Applying that approach, the disputed purchase addition was restricted to 10% of the alleged bogus purchases. en-us Fri, 21 Aug 2026 00:00:00 +0530 Thu, 27 Aug 2026 08:28:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797781 Accepted sales, maintained quantitative records and unrejected books of account preclude addition of the entire value of alleged bogus purchases merely because suppliers or purchases remain insufficiently substantiated. In those circumstances, tax is confined to the profit element embedded in the non-genuine purchases, rather than the full purchase amount. Applying that approach, the disputed purchase addition was restricted to 10% of the alleged bogus purchases. Case-Laws Income Tax Fri, 21 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797781