https://www.taxtmi.com/caselaws?id=798476 Non-genuine purchases from accommodation-entry providers, where corresponding sales are accepted, warrant taxation of only the embedded profit element rather than the full purchase value. A 15% profit-element addition is identified as consistent with comparable bogus-purchase treatment. Reassessment may be initiated where investigation information links accommodation entries to the taxpayer's purchase transactions and provides prima facie material indicating escaped income. At the reopening stage, the material need not conclusively establish escapement; its sufficiency is not examined once a reason to believe is properly formed and objections have been addressed. en-us Wed, 12 Aug 2026 00:00:00 +0530 Tue, 08 Sep 2026 08:42:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798476 Non-genuine purchases from accommodation-entry providers, where corresponding sales are accepted, warrant taxation of only the embedded profit element rather than the full purchase value. A 15% profit-element addition is identified as consistent with comparable bogus-purchase treatment. Reassessment may be initiated where investigation information links accommodation entries to the taxpayer's purchase transactions and provides prima facie material indicating escaped income. At the reopening stage, the material need not conclusively establish escapement; its sufficiency is not examined once a reason to believe is properly formed and objections have been addressed. Case-Laws Income Tax Wed, 12 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798476