https://www.taxtmi.com/caselaws?id=774899 ITAT CHANDIGARH allowed the appeal of the assessee, holding that additions for alleged bogus purchases could not be sustained. The Tribunal found sales undisputed, stock records and books not rejected, purchase rates comparable with other suppliers, and payments and GST records genuine; mere non-response to AO notices u/s 133(6) did not render suppliers non-existent. Reliance on precedents led to the conclusion that the CIT(A)'s imputed profit disallowance of 12.5% on purchases from questionable parties was unjustified, and the revenue failed to bring proof to justify rejection of those purchases. en-us Mon, 07 Jul 2025 00:00:00 +0530 Tue, 14 Oct 2025 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774899 ITAT CHANDIGARH allowed the appeal of the assessee, holding that additions for alleged bogus purchases could not be sustained. The Tribunal found sales undisputed, stock records and books not rejected, purchase rates comparable with other suppliers, and payments and GST records genuine; mere non-response to AO notices u/s 133(6) did not render suppliers non-existent. Reliance on precedents led to the conclusion that the CIT(A)'s imputed profit disallowance of 12.5% on purchases from questionable parties was unjustified, and the revenue failed to bring proof to justify rejection of those purchases. Case-Laws Income Tax Mon, 07 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774899