https://www.taxtmi.com/caselaws?id=791859 An addition for alleged unaccounted purchases and unexplained investment could not be sustained where it was based mainly on third-party software data and statements without independent corroboration. The assessee's denial, supplier declaration stating no sales were made, GST registration details, ledger accounts, and bank statements did not support the Revenue's allegation, and the record contained no independent evidence specifically linking the assessee to the disputed transactions. On that material, the alleged undisclosed purchases and investment were not established, so the addition failed in favour of the assessee. en-us Fri, 15 May 2026 00:00:00 +0530 Tue, 19 May 2026 08:18:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791859 An addition for alleged unaccounted purchases and unexplained investment could not be sustained where it was based mainly on third-party software data and statements without independent corroboration. The assessee's denial, supplier declaration stating no sales were made, GST registration details, ledger accounts, and bank statements did not support the Revenue's allegation, and the record contained no independent evidence specifically linking the assessee to the disputed transactions. On that material, the alleged undisclosed purchases and investment were not established, so the addition failed in favour of the assessee. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791859