https://www.taxtmi.com/caselaws?id=472021 Alleged bogus purchases require an evidence-based estimated disallowance where the taxpayer has not fully established genuineness but the tax authorities cannot disregard available supporting evidence. Rather than disallowing the entire purchase amount, the appropriate adjustment was confined to 15% of the purchases, reflecting both evidentiary deficiencies and evidence supporting the underlying transactions. en-us Tue, 15 Apr 2025 00:00:00 +0530 Sun, 27 Sep 2026 15:27:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472021 Alleged bogus purchases require an evidence-based estimated disallowance where the taxpayer has not fully established genuineness but the tax authorities cannot disregard available supporting evidence. Rather than disallowing the entire purchase amount, the appropriate adjustment was confined to 15% of the purchases, reflecting both evidentiary deficiencies and evidence supporting the underlying transactions. Case-Laws Income Tax Tue, 15 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472021