Held that considering the possibility of some cash sales without any transportation bills, lorry receipts, and disallowance of the bogus purchases was restricted to 12.5% of the total bogus purchases. (AY. 2009 10)
Macleods Pharmaceuticals Ltd. v. Dy. CIT (2022) 217 TTJ 763/ 214 DTR 105 (Mum)(Trib)
S. 69C : Unexplained expenditure-Bogus purchases-Restricted to 12.5 % of bogus purchases. [S. 133(6), 143(3)]