https://www.taxtmi.com/caselaws?id=784101 An addition under section 69C could not be sustained where it was based only on third-party search material and statements, because the assessee had produced purchase invoices, ledger extracts, export sales invoices, stock statements and banking-channel payments. In the absence of any adverse finding on those documents or corroborative material to displace them, the purchases could not be treated as bogus merely on the basis of third-party material. The addition was therefore deleted in favour of the assessee. en-us Wed, 03 Dec 2025 00:00:00 +0530 Mon, 29 Dec 2025 08:56:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784101 An addition under section 69C could not be sustained where it was based only on third-party search material and statements, because the assessee had produced purchase invoices, ledger extracts, export sales invoices, stock statements and banking-channel payments. In the absence of any adverse finding on those documents or corroborative material to displace them, the purchases could not be treated as bogus merely on the basis of third-party material. The addition was therefore deleted in favour of the assessee. Case-Laws Income Tax Wed, 03 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784101