https://www.taxtmi.com/caselaws?id=765344 ITAT Surat held in favor of assessee regarding bogus purchase allegations. AO added amount claiming assessee failed to produce delivery challans and GST documents. However, assessee had submitted comprehensive evidence including invoices from M/s Om Jewellers, ledger accounts, GST portal records, and B2B invoice lists proving genuine transactions. AO erroneously considered transactions with different entity M/s Aum Chain Jewellery instead of actual vendor M/s Om Jewellers. Since revenue provided no corroborative evidence contradicting assessee's explanation and documentation was sufficient to establish genuineness, addition was deleted. en-us Tue, 28 Jan 2025 00:00:00 +0530 Thu, 30 Jan 2025 08:24:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765344 ITAT Surat held in favor of assessee regarding bogus purchase allegations. AO added amount claiming assessee failed to produce delivery challans and GST documents. However, assessee had submitted comprehensive evidence including invoices from M/s Om Jewellers, ledger accounts, GST portal records, and B2B invoice lists proving genuine transactions. AO erroneously considered transactions with different entity M/s Aum Chain Jewellery instead of actual vendor M/s Om Jewellers. Since revenue provided no corroborative evidence contradicting assessee's explanation and documentation was sufficient to establish genuineness, addition was deleted. Case-Laws Income Tax Tue, 28 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765344