https://www.taxtmi.com/caselaws?id=463218 Where an assessee substantiates purchases with purchase bills, bank statements, supplier confirmation and supporting records, and the remand report also confirms the transactions through ledger and bank statements, an addition for alleged bogus purchases cannot be sustained on mere suspicion. The supplier's confirmation of sales and prior acceptance of similar purchases further supported genuineness, so the first appellate authority's deletion of the addition was upheld and the Revenue's appeal was dismissed. en-us Mon, 05 Apr 2021 00:00:00 +0530 Fri, 15 Aug 2025 21:55:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463218 Where an assessee substantiates purchases with purchase bills, bank statements, supplier confirmation and supporting records, and the remand report also confirms the transactions through ledger and bank statements, an addition for alleged bogus purchases cannot be sustained on mere suspicion. The supplier's confirmation of sales and prior acceptance of similar purchases further supported genuineness, so the first appellate authority's deletion of the addition was upheld and the Revenue's appeal was dismissed. Case-Laws Income Tax Mon, 05 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463218