Bogus Purchase- Mere Adjustment in Purchase without disturbing Sales not Justified

1.If addition has to be made for bogus purchases then sales should also be disturbed ; 2.Until and unless both parties don’t confirm the cessation of liability then addition cannot be made u/s 41(1); 3.If books of accounts are rejected then net profit estimation basis should be considered for computation of income. Brief of the case: 1.ITAT Delhi held in ACIT vs Advert Communication that if the AO had considered that the purchases   claimed by the asseessee in the profit & Loss account were bogus then along with the adjustment made in the purchases, AO should also made adjustment in sa...