https://www.taxtmi.com/caselaws?id=299456 Documented trade advances and sale receipts adjusted against recorded supplies, supported by invoices, stock records, broker confirmations, transport particulars and banking records, are not unexplained cash credits merely because purchasers later become untraceable or have cancelled tax registrations. Where purchases and quantitative stock records are accepted and no material establishes fictitious sales, treating recorded sales receipts as unexplained credits would duplicate taxation. Supporting evidence considered at the appellate stage does not breach Rule 46A where most material was produced during assessment, additional material is corroborative, and the Assessing Officer receives it through remand proceedings with an opportunity to comment. en-us Wed, 31 Oct 2012 00:00:00 +0530 Thu, 13 Aug 2026 14:38:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299456 Documented trade advances and sale receipts adjusted against recorded supplies, supported by invoices, stock records, broker confirmations, transport particulars and banking records, are not unexplained cash credits merely because purchasers later become untraceable or have cancelled tax registrations. Where purchases and quantitative stock records are accepted and no material establishes fictitious sales, treating recorded sales receipts as unexplained credits would duplicate taxation. Supporting evidence considered at the appellate stage does not breach Rule 46A where most material was produced during assessment, additional material is corroborative, and the Assessing Officer receives it through remand proceedings with an opportunity to comment. Case-Laws Income Tax Wed, 31 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299456