Sec. 37(1) of Income Tax Act, 1961—Business Expenditure— AO has not been able to prove that the purchases made from the said eight parties are bogus and that the same are paper transactions and as per the opening pan of the assessment order, it is seen that the said information received by the AO was in respect of bogus purchases through bogus purchase bills but finally the AO himself has not brought any material to substantiate that the said purchases were bogus and only paper transactions were done by the appellant, therefore, the disallowance made by the AO is deleted. - ITO V/s MANEK METAL (I) P. LTD. - [2020] 28 ITCD Online 055 (ITAT-MUMBAI)