https://www.taxtmi.com/caselaws?id=780218 ITAT, DELHI allowed the assessee's appeal and deleted a 25% disallowance of sales treated as bogus. The tribunal noted AO and CIT(A) accepted ledger entries, bill of entry and commercial invoices establishing availability of goods and the identity of the purchaser; AO's own estimate showed uncertainty about the transactions' bogusness. Section 37 was held inapplicable to disallowance of alleged bogus sales, being a provision for business expenditure. On documentary explanation of sales, the tribunal accepted the transactions as genuine and set aside the addition. en-us Wed, 22 Oct 2025 00:00:00 +0530 Sat, 25 Oct 2025 09:00:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780218 ITAT, DELHI allowed the assessee's appeal and deleted a 25% disallowance of sales treated as bogus. The tribunal noted AO and CIT(A) accepted ledger entries, bill of entry and commercial invoices establishing availability of goods and the identity of the purchaser; AO's own estimate showed uncertainty about the transactions' bogusness. Section 37 was held inapplicable to disallowance of alleged bogus sales, being a provision for business expenditure. On documentary explanation of sales, the tribunal accepted the transactions as genuine and set aside the addition. Case-Laws Income Tax Wed, 22 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780218