https://www.taxtmi.com/caselaws?id=769294 ITAT Mumbai ruled in favor of the assessee regarding alleged bogus purchases. The AO disallowed entire purchases based solely on an investigation wing report without conducting independent inquiry or finding fault with supporting documents. The tribunal held that investigation reports alone cannot justify additions without proper verification. Following Ashok Kumar Rungta precedent, the AO cannot make additions based on suspicion without independent inquiry and providing adequate opportunity to the assessee to respond. en-us Mon, 17 Mar 2025 00:00:00 +0530 Wed, 23 Apr 2025 09:09:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769294 ITAT Mumbai ruled in favor of the assessee regarding alleged bogus purchases. The AO disallowed entire purchases based solely on an investigation wing report without conducting independent inquiry or finding fault with supporting documents. The tribunal held that investigation reports alone cannot justify additions without proper verification. Following Ashok Kumar Rungta precedent, the AO cannot make additions based on suspicion without independent inquiry and providing adequate opportunity to the assessee to respond. Case-Laws Income Tax Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769294