https://www.taxtmi.com/caselaws?id=782856 The ITAT Ahmedabad set aside the AO's addition for alleged bogus purchases and rejection of books. It found as an uncontroverted fact that the assessee had not recorded any purchases from the parties flagged on the Department's INSIGHT portal, a fact also acknowledged by the AO. In absence of any actual accommodation entries or purchases from tainted parties, there was no factual or legal basis to treat the purchases as bogus or to invoke best judgment assessment. Consequently, the estimated profit addition was deleted and the assessee's appeal was allowed. en-us Wed, 20 Aug 2025 00:00:00 +0530 Fri, 05 Dec 2025 08:12:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782856 The ITAT Ahmedabad set aside the AO's addition for alleged bogus purchases and rejection of books. It found as an uncontroverted fact that the assessee had not recorded any purchases from the parties flagged on the Department's INSIGHT portal, a fact also acknowledged by the AO. In absence of any actual accommodation entries or purchases from tainted parties, there was no factual or legal basis to treat the purchases as bogus or to invoke best judgment assessment. Consequently, the estimated profit addition was deleted and the assessee's appeal was allowed. Case-Laws Income Tax Wed, 20 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782856