https://www.taxtmi.com/caselaws?id=795924 Alleged bogus-purchase additions cannot rest on general information, retrospective cancellation of a supplier's registration, or ad hoc estimation where invoices, transport and stock records, GST filings, supplier confirmation, and banking-channel payments substantiate the transactions. The notes state that, absent disturbed sales or books and effective contrary inquiry, the purchase addition was unjustified. They further state that additions for non-genuine purchases, estimated profit, and unexplained GST were unsustainable where transactions were reconciled and the Revenue produced no cogent evidence, rejected no books, and gave no specific opportunity on the GST component. A penalty founded solely on deleted quantum additions could not survive. en-us Fri, 03 Jul 2026 00:00:00 +0530 Wed, 29 Jul 2026 08:21:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795924 Alleged bogus-purchase additions cannot rest on general information, retrospective cancellation of a supplier's registration, or ad hoc estimation where invoices, transport and stock records, GST filings, supplier confirmation, and banking-channel payments substantiate the transactions. The notes state that, absent disturbed sales or books and effective contrary inquiry, the purchase addition was unjustified. They further state that additions for non-genuine purchases, estimated profit, and unexplained GST were unsustainable where transactions were reconciled and the Revenue produced no cogent evidence, rejected no books, and gave no specific opportunity on the GST component. A penalty founded solely on deleted quantum additions could not survive. Case-Laws Income Tax Fri, 03 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795924