https://www.taxtmi.com/caselaws?id=784545 The dominant issue was whether purchases could be treated as non-genuine and partly disallowed by estimating G.P. The Tribunal held that the assessee discharged the onus of proving genuineness through contemporaneous records (ledgers, invoices with GRNs, e-way bills, transport receipts, bank payments) and the suppliers' regular GST compliance and income-tax filings, and the AO neither impeached these documents nor established that the suppliers were accommodation entry providers or conducted any meaningful enquiry into their existence or transactions. The Tribunal also noted that disallowance of purchases without rejecting corresponding sales was untenable. Consequently, deletion of the purchase disallowance/addition was upheld and the Revenue's appeal was dismissed. en-us Mon, 05 Jan 2026 00:00:00 +0530 Wed, 07 Jan 2026 08:03:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784545 The dominant issue was whether purchases could be treated as non-genuine and partly disallowed by estimating G.P. The Tribunal held that the assessee discharged the onus of proving genuineness through contemporaneous records (ledgers, invoices with GRNs, e-way bills, transport receipts, bank payments) and the suppliers' regular GST compliance and income-tax filings, and the AO neither impeached these documents nor established that the suppliers were accommodation entry providers or conducted any meaningful enquiry into their existence or transactions. The Tribunal also noted that disallowance of purchases without rejecting corresponding sales was untenable. Consequently, deletion of the purchase disallowance/addition was upheld and the Revenue's appeal was dismissed. Case-Laws Income Tax Mon, 05 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784545