Proof vs. Suspicion: ITAT Overturns 25% Estimated Bogus Purchase Disallowance

ITO Vs Mohd. Rizwan (ITAT Delhi) From Doubt to Deletion: ITAT Rejects 25% Bogus Purchase Estimation- Books Not Rejected, Addition Not Permitted – ITAT’s Clear Message to AO AO completed assessment u/s 144 estimating 25% of purchases as bogus, alleging suspicious/bogus purchases based on non-filing of ITR by suppliers, GST cancellation, non-response to notices, vehicle size mismatch, etc. However, AO did not reject the books of account & brought no concrete evidence. CIT(A)’s Key Findings Books of account were audited & produced Sales were accepted – no dispute on turnover Paym...