https://www.taxtmi.com/caselaws?id=791353 An addition treating alleged bogus turnover as unaccounted sales cannot stand without independent and corroborative material linking the impugned transactions to the assessee. The ITAT found that the Revenue relied only on GST information, while no inquiry established a nexus with the assessee's bank account or business activity, and the possibility of PAN misuse for GST registration was not rebutted. In the absence of proof that the sales were actually carried out by the assessee, the estimated profit addition at 8% was not sustainable. The deletion of the addition was upheld. en-us Thu, 07 May 2026 00:00:00 +0530 Sat, 09 May 2026 07:13:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791353 An addition treating alleged bogus turnover as unaccounted sales cannot stand without independent and corroborative material linking the impugned transactions to the assessee. The ITAT found that the Revenue relied only on GST information, while no inquiry established a nexus with the assessee's bank account or business activity, and the possibility of PAN misuse for GST registration was not rebutted. In the absence of proof that the sales were actually carried out by the assessee, the estimated profit addition at 8% was not sustainable. The deletion of the addition was upheld. Case-Laws Income Tax Thu, 07 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791353