https://www.taxtmi.com/caselaws?id=801060 Non-genuine purchases supported by accommodation bills cannot be added in full where the corresponding sales are accepted. Procurement through the grey market may justify an addition limited to the profit element embedded in those purchases, rather than their entire value. A 25% profit estimate lacked material support where the assessment record indicated that the relevant grey-market margin would not exceed 8%. The addition for the disputed purchases is therefore restricted to 5% of their value. en-us Tue, 29 Sep 2026 00:00:00 +0530 Thu, 15 Oct 2026 05:44:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801060 Non-genuine purchases supported by accommodation bills cannot be added in full where the corresponding sales are accepted. Procurement through the grey market may justify an addition limited to the profit element embedded in those purchases, rather than their entire value. A 25% profit estimate lacked material support where the assessment record indicated that the relevant grey-market margin would not exceed 8%. The addition for the disputed purchases is therefore restricted to 5% of their value. Case-Laws Income Tax Tue, 29 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801060