https://www.taxtmi.com/caselaws?id=776240 ITAT Mumbai held that the AO was not justified in disallowing purchases of Rs. 27,55,482/- from M/s Shbham International, as there was no evidence to classify them as bogus. The tribunal noted that the assessee had furnished adequate documents, quantity details, and reconciled purchases with sales. The AO's disallowance based solely on the inability to provide current addresses of suppliers, due to cessation of dealings and the long gap between the financial year and reassessment, was unwarranted. The AO failed to prove any falsity in the documents submitted. Consequently, the ITAT set aside the CIT(A)'s order and directed the AO to delete the disallowance of the purchases. en-us Fri, 03 Jan 2025 00:00:00 +0530 Wed, 06 Aug 2025 10:11:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776240 ITAT Mumbai held that the AO was not justified in disallowing purchases of Rs. 27,55,482/- from M/s Shbham International, as there was no evidence to classify them as bogus. The tribunal noted that the assessee had furnished adequate documents, quantity details, and reconciled purchases with sales. The AO's disallowance based solely on the inability to provide current addresses of suppliers, due to cessation of dealings and the long gap between the financial year and reassessment, was unwarranted. The AO failed to prove any falsity in the documents submitted. Consequently, the ITAT set aside the CIT(A)'s order and directed the AO to delete the disallowance of the purchases. Case-Laws Income Tax Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776240