https://www.taxtmi.com/caselaws?id=798589 Addition for alleged bogus purchases cannot be sustained as unexplained expenditure where purchases are recorded, supported by documentary material, and the books of account have neither been rejected nor found incorrect or incomplete. Section 69C applies only where the source of expenditure remains unexplained; an allegation that a supplier provided accommodation entries does not by itself satisfy that condition. Accepted sales and turnover within the presumptive-taxation regime under section 44AD further supported deletion of the addition. Consequently, taxation under section 115BBE did not apply. en-us Thu, 03 Sep 2026 00:00:00 +0530 Wed, 09 Sep 2026 08:20:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798589 Addition for alleged bogus purchases cannot be sustained as unexplained expenditure where purchases are recorded, supported by documentary material, and the books of account have neither been rejected nor found incorrect or incomplete. Section 69C applies only where the source of expenditure remains unexplained; an allegation that a supplier provided accommodation entries does not by itself satisfy that condition. Accepted sales and turnover within the presumptive-taxation regime under section 44AD further supported deletion of the addition. Consequently, taxation under section 115BBE did not apply. Case-Laws Income Tax Thu, 03 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798589