https://www.taxtmi.com/caselaws?id=776920 ITAT allowed the assessee's appeal and set aside the CIT(A) order sustaining additions for alleged bogus purchases. The tribunal found that, without clarification from the assessee or any independent inquiry by Revenue, the purchases were returned and their financial impact reversed in the assessee's books, so no addition or disallowance was warranted. The estimated addition made by the AO was deleted; other contentions were rendered academic by the deletion. en-us Mon, 18 Aug 2025 00:00:00 +0530 Tue, 19 Aug 2025 15:19:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776920 ITAT allowed the assessee's appeal and set aside the CIT(A) order sustaining additions for alleged bogus purchases. The tribunal found that, without clarification from the assessee or any independent inquiry by Revenue, the purchases were returned and their financial impact reversed in the assessee's books, so no addition or disallowance was warranted. The estimated addition made by the AO was deleted; other contentions were rendered academic by the deletion. Case-Laws Income Tax Mon, 18 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776920