https://www.taxtmi.com/caselaws?id=793540 An addition under section 69C for alleged bogus purchases was held unsustainable where the assessee produced purchase invoices, transport records, banking-channel payments, GST-linked evidence and stock material. The books of account were not rejected, and no independent discrepancy in trading results or stock position was shown. The supplier's denial of transactions, standing alone, was insufficient because it was not effectively tested through cross-examination and was not supported by corroborative enquiry or adverse material. On those facts, the deletion of the addition was upheld. en-us Fri, 05 Jun 2026 00:00:00 +0530 Thu, 18 Jun 2026 08:45:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793540 An addition under section 69C for alleged bogus purchases was held unsustainable where the assessee produced purchase invoices, transport records, banking-channel payments, GST-linked evidence and stock material. The books of account were not rejected, and no independent discrepancy in trading results or stock position was shown. The supplier's denial of transactions, standing alone, was insufficient because it was not effectively tested through cross-examination and was not supported by corroborative enquiry or adverse material. On those facts, the deletion of the addition was upheld. Case-Laws Income Tax Fri, 05 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793540