ITAT says a Supplier's Later GST Cancellation Does Not Make Genuine Purchases Bogus

The assessee, a construction company, faced additions exceeding Rs.100 crore for purchases allegedly made from bogus, suspicious and non-compliant suppliers. 

The ITAT found that the assessee had produced contracts, invoices, delivery challans, e-way bills, GST records and banking trails demonstrating actual supply and utilisation. 

Importantly, the Revenue failed to establish that money paid by the assessee had returned to it or that the assessee was connected with the supplier's alleged accommodation-entry activities. The additions were therefore deleted.