https://www.taxtmi.com/article/detailed?id=17081 Alleged bogus-purchase additions require tangible, transaction-specific evidence where purchases are supported by audited books, supplier confirmations, invoices, transport records, banking-channel payments, production-yield reconciliation and accepted corresponding sales. Supplier GST registration, filed returns and allowed input tax credit may further corroborate the supply chain and weaken a parallel allegation that purchases are fictitious. The article distinguishes such documented transactions from cases where the taxpayer fails to establish the initial evidentiary foundation, and notes that undisputed sales may require focus on any embedded profit element rather than the full purchase value. en-us Sat, 01 Aug 2026 08:36:11 +0530 Sat, 01 Aug 2026 08:36:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17081 Alleged bogus-purchase additions require tangible, transaction-specific evidence where purchases are supported by audited books, supplier confirmations, invoices, transport records, banking-channel payments, production-yield reconciliation and accepted corresponding sales. Supplier GST registration, filed returns and allowed input tax credit may further corroborate the supply chain and weaken a parallel allegation that purchases are fictitious. The article distinguishes such documented transactions from cases where the taxpayer fails to establish the initial evidentiary foundation, and notes that undisputed sales may require focus on any embedded profit element rather than the full purchase value. Articles Income Tax Sat, 01 Aug 2026 08:36:11 +0530 https://www.taxtmi.com/article/detailed?id=17081