https://www.taxtmi.com/caselaws?id=789267 Where purchases were recorded in the books, paid through banking channels, and supported by material not found unreliable, additions for alleged bogus purchases were treated as unsustainable. The note also emphasises that an ex parte disposal by the first appellate authority does not require remand where the existing record is sufficient, and that an addition as unexplained expenditure cannot stand when the books of account, financial statements, and stock movement are not doubted on substance. The jurisdictional High Court view was followed to confirm that properly recorded expenditure with an explained source cannot be disallowed merely on suspicion. en-us Wed, 25 Mar 2026 00:00:00 +0530 Sat, 04 Apr 2026 12:46:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789267 Where purchases were recorded in the books, paid through banking channels, and supported by material not found unreliable, additions for alleged bogus purchases were treated as unsustainable. The note also emphasises that an ex parte disposal by the first appellate authority does not require remand where the existing record is sufficient, and that an addition as unexplained expenditure cannot stand when the books of account, financial statements, and stock movement are not doubted on substance. The jurisdictional High Court view was followed to confirm that properly recorded expenditure with an explained source cannot be disallowed merely on suspicion. Case-Laws Income Tax Wed, 25 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789267