https://www.taxtmi.com/caselaws?id=793101 Purchases cannot be treated as bogus merely because a supplier does not respond to a notice under section 133(6) when the assessee has produced audited financial statements, bank statements, invoices, purchase records, stock valuation, ledger accounts and supplier confirmation. Where payments are made through banking channels, the Revenue brings no material to show cash return, and the books of account and sales are not rejected or doubted, a disallowance based only on suspicion is not sustainable. On these facts, the addition made by disallowing purchases was directed to be deleted. en-us Wed, 13 May 2026 00:00:00 +0530 Tue, 09 Jun 2026 07:50:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793101 Purchases cannot be treated as bogus merely because a supplier does not respond to a notice under section 133(6) when the assessee has produced audited financial statements, bank statements, invoices, purchase records, stock valuation, ledger accounts and supplier confirmation. Where payments are made through banking channels, the Revenue brings no material to show cash return, and the books of account and sales are not rejected or doubted, a disallowance based only on suspicion is not sustainable. On these facts, the addition made by disallowing purchases was directed to be deleted. Case-Laws Income Tax Wed, 13 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793101