https://www.taxtmi.com/caselaws?id=778626 ITAT Delhi (AT) allowed the assessee's appeal and deleted additions treating purchases as bogus. The tribunal found the assessee had taken and repaid a loan via bank from an alleged concern during the year and produced no evidence of purchases from the named suppliers; the revenue failed to rebut these material facts or supply supporting documentary proof. The AO's addition, upheld by CIT(A), was based on presumption and was therefore set aside. en-us Fri, 17 Jan 2025 00:00:00 +0530 Fri, 19 Sep 2025 08:33:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778626 ITAT Delhi (AT) allowed the assessee's appeal and deleted additions treating purchases as bogus. The tribunal found the assessee had taken and repaid a loan via bank from an alleged concern during the year and produced no evidence of purchases from the named suppliers; the revenue failed to rebut these material facts or supply supporting documentary proof. The AO's addition, upheld by CIT(A), was based on presumption and was therefore set aside. Case-Laws Income Tax Fri, 17 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778626