https://www.taxtmi.com/caselaws?id=332783 The Tribunal found that the assessee failed to establish the genuineness of trade credits, justifying the application of Section 68 of the Income Tax Act. Despite subsequent payments made by the assessee, the Tribunal remanded the case to the Assessing Officer for further examination of evidence to determine the authenticity of the transactions. The appeal by the Revenue was allowed for statistical purposes. en-us Tue, 09 Aug 2016 00:00:00 +0530 Mon, 26 Sep 2016 10:41:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332783 The Tribunal found that the assessee failed to establish the genuineness of trade credits, justifying the application of Section 68 of the Income Tax Act. Despite subsequent payments made by the assessee, the Tribunal remanded the case to the Assessing Officer for further examination of evidence to determine the authenticity of the transactions. The appeal by the Revenue was allowed for statistical purposes. Case-Laws Income Tax Tue, 09 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332783