https://www.taxtmi.com/caselaws?id=782523 ITAT held that where purchases are completely non-genuine, estimation of profit does not apply and the entire amount of such bogus purchases must be added to income. The AO had established the non-existence of the suppliers and sham nature of the transactions, discharging the burden of proof. The assessee failed to produce supporting documents or appear despite opportunities. However, the assessee's statement denying transactions with one supplier was accepted, and that transaction was excluded. The order of CIT(A) was reversed, the AO's addition restored for four suppliers, and the revenue's appeal was partly allowed. en-us Mon, 24 Nov 2025 00:00:00 +0530 Mon, 01 Dec 2025 08:50:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782523 ITAT held that where purchases are completely non-genuine, estimation of profit does not apply and the entire amount of such bogus purchases must be added to income. The AO had established the non-existence of the suppliers and sham nature of the transactions, discharging the burden of proof. The assessee failed to produce supporting documents or appear despite opportunities. However, the assessee's statement denying transactions with one supplier was accepted, and that transaction was excluded. The order of CIT(A) was reversed, the AO's addition restored for four suppliers, and the revenue's appeal was partly allowed. Case-Laws Income Tax Mon, 24 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782523