https://www.taxtmi.com/caselaws?id=788414 Assessing Officer's rejection of books of account and application of an income-estimation was unsupported where the assessee produced purchase invoices, bank payments and ledgers; on that showing the onus shifted to Revenue to verify suppliers, and the AO failed to undertake adequate physical or detailed enquiries into supplier genuineness or relied solely on non-responses and inactive GST status. Applying an estimated net profit after rejecting records without deeper inquiry was held improper and the appellate deletion of the addition was sustained, granting relief to the assessee. en-us Fri, 06 Feb 2026 00:00:00 +0530 Thu, 19 Mar 2026 15:43:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788414 Assessing Officer's rejection of books of account and application of an income-estimation was unsupported where the assessee produced purchase invoices, bank payments and ledgers; on that showing the onus shifted to Revenue to verify suppliers, and the AO failed to undertake adequate physical or detailed enquiries into supplier genuineness or relied solely on non-responses and inactive GST status. Applying an estimated net profit after rejecting records without deeper inquiry was held improper and the appellate deletion of the addition was sustained, granting relief to the assessee. Case-Laws Income Tax Fri, 06 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788414