https://www.taxtmi.com/highlights?id=57527 Addition on account of bogus creditors - non-producing the parties in person - When the purchases from the parties were accepted and the sales made out of those purchases were not doubted, the payments outstanding in the name of those parties were accepted in the subsequent year, then there was no reason to doubt the genuineness of the outstanding balance. - AT en-us Thu, 08 Apr 2021 09:43:05 +0530 Thu, 08 Apr 2021 09:43:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57527 Addition on account of bogus creditors - non-producing the parties in person - When the purchases from the parties were accepted and the sales made out of those purchases were not doubted, the payments outstanding in the name of those parties were accepted in the subsequent year, then there was no reason to doubt the genuineness of the outstanding balance. - AT Highlights Income Tax Thu, 08 Apr 2021 09:43:05 +0530 https://www.taxtmi.com/highlights?id=57527