https://www.taxtmi.com/caselaws?id=448451 ITAT Delhi dismissed the revenue's appeal and upheld the order of CIT(A) deleting the addition on account of alleged bogus purchases. The AO's estimation of 25% of purchases as bogus, despite accepting corresponding sales and not disproving actual purchases, was held to be based on surmise and conjecture, impermissible in law. Relying also on its earlier decision in the assessee's own case, ITAT affirmed that once purchases are accepted as genuine, the manufacturing activity stands established and the related manufacturing expenses are allowable. The appeal was decided against the revenue. en-us Fri, 12 Jan 2024 00:00:00 +0530 Thu, 11 Dec 2025 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448451 ITAT Delhi dismissed the revenue's appeal and upheld the order of CIT(A) deleting the addition on account of alleged bogus purchases. The AO's estimation of 25% of purchases as bogus, despite accepting corresponding sales and not disproving actual purchases, was held to be based on surmise and conjecture, impermissible in law. Relying also on its earlier decision in the assessee's own case, ITAT affirmed that once purchases are accepted as genuine, the manufacturing activity stands established and the related manufacturing expenses are allowable. The appeal was decided against the revenue. Case-Laws Income Tax Fri, 12 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448451