https://www.taxtmi.com/caselaws?id=283362 Purchases supported by bills, quantitative stock details and accepted sales were not disbelieved merely because vendor notices under section 133(6) were returned unserved. Since the books of account were not rejected, assessments were completed under section 143(3), and no independent material showed accommodation entries or routing of unaccounted income, the alleged bogus purchases could not be sustained. Corresponding stock movement and closing stock also supported the trading results. The additions on account of alleged bogus purchases were therefore deleted in favour of the assessee. en-us Wed, 12 Sep 2018 00:00:00 +0530 Fri, 20 Sep 2019 12:46:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283362 Purchases supported by bills, quantitative stock details and accepted sales were not disbelieved merely because vendor notices under section 133(6) were returned unserved. Since the books of account were not rejected, assessments were completed under section 143(3), and no independent material showed accommodation entries or routing of unaccounted income, the alleged bogus purchases could not be sustained. Corresponding stock movement and closing stock also supported the trading results. The additions on account of alleged bogus purchases were therefore deleted in favour of the assessee. Case-Laws Income Tax Wed, 12 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283362