https://www.taxtmi.com/forum/issue?id=1599 Whether purchases are unverifiable depends on evidentiary proof: the assessee must establish receipt, accounting, and that goods were used, sold, or held as closing stock; for manufacturing, consumption must be normal. Returned notices to suppliers or repeated address failures raise doubt, and unexplained excessive consumption or wastage can indicate bogus purchases, so confirmations alone may be insufficient to dispel the assessing officer's concerns. en-us Mon, 09 Nov 2009 18:21:35 +0530 Thu, 23 Jan 2025 15:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1599 Whether purchases are unverifiable depends on evidentiary proof: the assessee must establish receipt, accounting, and that goods were used, sold, or held as closing stock; for manufacturing, consumption must be normal. Returned notices to suppliers or repeated address failures raise doubt, and unexplained excessive consumption or wastage can indicate bogus purchases, so confirmations alone may be insufficient to dispel the assessing officer's concerns. Discussion-Forum Income Tax Mon, 09 Nov 2009 18:21:35 +0530 https://www.taxtmi.com/forum/issue?id=1599