ITAT Deletes Bogus Purchase Addition as AO Failed to Disprove Documentary Evidence

Dinesh Dharamshi Patel Vs ITO (ITAT Mumbai) The ITAT Mumbai deleted additions towards alleged bogus purchases of ₹3.51 crore and management and consultancy fees of ₹4.20 lakh, holding that the Assessing Officer had failed to disprove the documentary evidence produced by the assessee. The Tribunal observed that the assessee had substantiated the purchases with purchase invoices, ledger confirmations, transport receipts, e-way bills, bank statements, GST records, and Input Tax Credit reflected in GSTR-2A, while the corresponding sales were never disputed and the books of account were not rej...