https://www.taxtmi.com/caselaws?id=795924 Alleged bogus-purchase additions were unsustainable where invoices, transport and e-way bill records, supplier confirmation, banking-channel payments, GST material and stock records substantiated the transactions, while corresponding sales and books remained undisputed. Subsequent cancellation of the supplier's registration and general information could not displace contemporaneous evidence without effective contrary inquiry. Reconciled purchase and sale transactions also did not support additions for estimated gross profit, unexplained expenditure or alleged unexplained GST where no fictitious dealings, cash return, or unexplained money was established, books were not rejected, and no specific response opportunity was provided for the GST component. Penalty for under-reporting or misreporting could not continue after deletion of its sole quantum basis. 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 were unsustainable where invoices, transport and e-way bill records, supplier confirmation, banking-channel payments, GST material and stock records substantiated the transactions, while corresponding sales and books remained undisputed. Subsequent cancellation of the supplier's registration and general information could not displace contemporaneous evidence without effective contrary inquiry. Reconciled purchase and sale transactions also did not support additions for estimated gross profit, unexplained expenditure or alleged unexplained GST where no fictitious dealings, cash return, or unexplained money was established, books were not rejected, and no specific response opportunity was provided for the GST component. Penalty for under-reporting or misreporting could not continue after deletion of its sole quantum basis. Case-Laws Income Tax Fri, 03 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795924