https://www.taxtmi.com/caselaws?id=782884 ITAT Kolkata allowed the assessee's appeal. The Tribunal held that addition u/s 69C for alleged bogus purchases from a named supplier was unsustainable, as the assessee produced purchase invoices, e-way bills, consignment notes, ledger extracts and bank statements showing payment through banking channels, and the AO relied only on a CGST report without independent corroboration. The purchases were found to be actually used in manufacturing. Further, deletion of addition u/s 68 in respect of unsecured loans from multiple lenders was directed, as the assessee had furnished ITRs, confirmations and bank statements establishing identity, creditworthiness and genuineness, and the AO/CIT(A) failed to identify any defect in such evidence. en-us Wed, 03 Dec 2025 00:00:00 +0530 Fri, 05 Dec 2025 08:12:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782884 ITAT Kolkata allowed the assessee's appeal. The Tribunal held that addition u/s 69C for alleged bogus purchases from a named supplier was unsustainable, as the assessee produced purchase invoices, e-way bills, consignment notes, ledger extracts and bank statements showing payment through banking channels, and the AO relied only on a CGST report without independent corroboration. The purchases were found to be actually used in manufacturing. Further, deletion of addition u/s 68 in respect of unsecured loans from multiple lenders was directed, as the assessee had furnished ITRs, confirmations and bank statements establishing identity, creditworthiness and genuineness, and the AO/CIT(A) failed to identify any defect in such evidence. Case-Laws Income Tax Wed, 03 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782884