https://www.taxtmi.com/caselaws?id=799943 Ad hoc disallowance of purchases as business income was unjustified where purchase records, supplier confirmations, bank statements, invoices, stock records and transport evidence supported the transactions. Corresponding purchase and sales quantities, predominantly banking-channel payments, and minimal cash purchases weakened any allegation of bogus purchases. Absence of GST registration or GST numbers on invoices did not support an adverse inference because live bovine animals were GST-exempt. Computer-generated invoices and thumb impressions on cash vouchers, without material proving non-genuineness, were insufficient grounds for disallowance. The purchase disallowance was deleted. en-us Fri, 18 Sep 2026 00:00:00 +0530 Tue, 29 Sep 2026 08:34:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799943 Ad hoc disallowance of purchases as business income was unjustified where purchase records, supplier confirmations, bank statements, invoices, stock records and transport evidence supported the transactions. Corresponding purchase and sales quantities, predominantly banking-channel payments, and minimal cash purchases weakened any allegation of bogus purchases. Absence of GST registration or GST numbers on invoices did not support an adverse inference because live bovine animals were GST-exempt. Computer-generated invoices and thumb impressions on cash vouchers, without material proving non-genuineness, were insufficient grounds for disallowance. The purchase disallowance was deleted. Case-Laws Income Tax Fri, 18 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799943