https://www.taxtmi.com/caselaws?id=278941 Addition of alleged bogus purchases and closing sundry creditor balances was contested on the ground that revenue failed to prove trading liability, cessation of liability in the year under appeal, or non-genuineness of suppliers. The tribunal found no evidence of cessation, no demonstration that deductions were previously claimed and allowed, and accepted that sales were recorded and input tax credit acknowledged, with bank evidence of payments. Because the assessing officer did not discharge the burden of proof and purchases could not be treated as unexplained expenditure or cash credits, the addition was deleted and the taxpayers appeal allowed. en-us Wed, 18 Jul 2018 00:00:00 +0530 Sat, 24 Jan 2026 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278941 Addition of alleged bogus purchases and closing sundry creditor balances was contested on the ground that revenue failed to prove trading liability, cessation of liability in the year under appeal, or non-genuineness of suppliers. The tribunal found no evidence of cessation, no demonstration that deductions were previously claimed and allowed, and accepted that sales were recorded and input tax credit acknowledged, with bank evidence of payments. Because the assessing officer did not discharge the burden of proof and purchases could not be treated as unexplained expenditure or cash credits, the addition was deleted and the taxpayers appeal allowed. Case-Laws Income Tax Wed, 18 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278941