https://www.taxtmi.com/caselaws?id=471562 Bogus-purchase disallowance was restricted to 6% where purchases originated from undisclosed sources but invoices were obtained from non-genuine suppliers. In accommodation-entry transactions, tax liability is confined to the income component or benefit embedded in the purchases rather than the entire invoiced value. The percentage was supported by the material and financial figures and aligned with earlier treatment of transactions involving the same group. The restriction was sustained because no substantial question of law justified interference. en-us Tue, 11 Nov 2025 00:00:00 +0530 Wed, 09 Sep 2026 13:24:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471562 Bogus-purchase disallowance was restricted to 6% where purchases originated from undisclosed sources but invoices were obtained from non-genuine suppliers. In accommodation-entry transactions, tax liability is confined to the income component or benefit embedded in the purchases rather than the entire invoiced value. The percentage was supported by the material and financial figures and aligned with earlier treatment of transactions involving the same group. The restriction was sustained because no substantial question of law justified interference. Case-Laws Income Tax Tue, 11 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471562