https://www.taxtmi.com/caselaws?id=469595 Once an assessee substantiates purchases with invoices, confirmations, bank records, affidavits, tax acknowledgements and quantitative reconciliation, the Revenue must rebut that material with independent inquiry and cogent evidence. Mere third-party information or general allegations of accommodation entries is insufficient where stock movement, sales and export realisation are not disputed and no cash backflow or non-receipt of goods is shown. On that evidentiary footing, reassessment objections did not sustain a separate adverse finding, and the addition treating the purchases as bogus was deleted. en-us Thu, 08 Jan 2026 00:00:00 +0530 Tue, 23 Jun 2026 19:00:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469595 Once an assessee substantiates purchases with invoices, confirmations, bank records, affidavits, tax acknowledgements and quantitative reconciliation, the Revenue must rebut that material with independent inquiry and cogent evidence. Mere third-party information or general allegations of accommodation entries is insufficient where stock movement, sales and export realisation are not disputed and no cash backflow or non-receipt of goods is shown. On that evidentiary footing, reassessment objections did not sustain a separate adverse finding, and the addition treating the purchases as bogus was deleted. Case-Laws Income Tax Thu, 08 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469595