https://www.taxtmi.com/caselaws?id=787157 Where purchases were supported by invoices, bank payments and corroborated by suppliers' GST returns, disputed additions treating purchases as bogus were not sustained and the assessee's normal gross profit rate of 2.45% was applied to limit any estimation. Cash deposits and a time deposit were accepted as sourced from recent withdrawals shown in bank statements and by proximate re deposits or liquidation, so additions under the unexplained cash doctrine were deleted. Operative effect: estimation and section based additions were reversed where documentary bank and GST corroboration explained the transactions. en-us Tue, 24 Feb 2026 00:00:00 +0530 Fri, 27 Feb 2026 08:36:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787157 Where purchases were supported by invoices, bank payments and corroborated by suppliers' GST returns, disputed additions treating purchases as bogus were not sustained and the assessee's normal gross profit rate of 2.45% was applied to limit any estimation. Cash deposits and a time deposit were accepted as sourced from recent withdrawals shown in bank statements and by proximate re deposits or liquidation, so additions under the unexplained cash doctrine were deleted. Operative effect: estimation and section based additions were reversed where documentary bank and GST corroboration explained the transactions. Case-Laws Income Tax Tue, 24 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787157