https://www.taxtmi.com/caselaws?id=471745 Alleged bogus-purchase additions cannot rest solely on information that a supplier issued accommodation bills where purchase invoices, banking-channel payments, stock registers and books of account support the transactions. Absent rejection of books or stock records, discrepancies in manufacturing activity or accepted sales, or independent verification of the supplier, uncorroborated third-party information does not establish that purchases are non-genuine. The addition for alleged bogus purchases was therefore deleted. en-us Wed, 09 Apr 2025 00:00:00 +0530 Wed, 16 Sep 2026 13:56:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471745 Alleged bogus-purchase additions cannot rest solely on information that a supplier issued accommodation bills where purchase invoices, banking-channel payments, stock registers and books of account support the transactions. Absent rejection of books or stock records, discrepancies in manufacturing activity or accepted sales, or independent verification of the supplier, uncorroborated third-party information does not establish that purchases are non-genuine. The addition for alleged bogus purchases was therefore deleted. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471745