https://www.taxtmi.com/caselaws?id=778880 ITAT MUMBAI held the addition under s. 69C for alleged bogus stock/accommodation purchases was unjustified and deleted. The Tribunal found no books or cogent evidence showing purchases by the assessee from the alleged benami concern; the revenue relied on circumstantial material and statements from search proceedings in related entities. Placing the onus on the assessee to prove a negative was impermissible; the revenue must establish the conditions for assessability, and it failed to do so, decision for the assessee. en-us Thu, 28 Aug 2025 00:00:00 +0530 Mon, 10 Nov 2025 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778880 ITAT MUMBAI held the addition under s. 69C for alleged bogus stock/accommodation purchases was unjustified and deleted. The Tribunal found no books or cogent evidence showing purchases by the assessee from the alleged benami concern; the revenue relied on circumstantial material and statements from search proceedings in related entities. Placing the onus on the assessee to prove a negative was impermissible; the revenue must establish the conditions for assessability, and it failed to do so, decision for the assessee. Case-Laws Income Tax Thu, 28 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778880