https://www.taxtmi.com/caselaws?id=343484 The HC held in favour of the assessee, disallowing additions under s. 68 for undisclosed cash credits where purchases from petty dealers reflected in books were not treated as concealed income. The court found the facts aligned with a prior HC/tribunal ruling for the earlier year, which remained final and unappealed, and declined revenue's attempt to adopt a contrary position in subsequent assessments. Trade creditors shown in the books could not be added to income under s. 68. en-us Thu, 18 May 2017 00:00:00 +0530 Wed, 01 Oct 2025 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343484 The HC held in favour of the assessee, disallowing additions under s. 68 for undisclosed cash credits where purchases from petty dealers reflected in books were not treated as concealed income. The court found the facts aligned with a prior HC/tribunal ruling for the earlier year, which remained final and unappealed, and declined revenue's attempt to adopt a contrary position in subsequent assessments. Trade creditors shown in the books could not be added to income under s. 68. Case-Laws Income Tax Thu, 18 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343484