Purchase not bogus for mere non appearance of suppliers before AO

Tribunal has deleted the additions on account of bogus purchases not only on the basis of stock statement i.e. reconciliation statement, but also in view of the other facts. The Tribunal records that the Books of Accounts of the respondent ­assessee have not been rejected. Similarly, the sales have not been doubted and it is an admitted position that substantial amount of sales have been made to the Government Department i.e. Defence Research and Development Laboratory, Hyderabad.Further, there were confirmation letters filed by the suppliers, copies of invoices for purchases as well as copie...