https://www.taxtmi.com/caselaws?id=420368 Trade creditor balances supported by creditor confirmations, purchase registers, ledger accounts, bank records and DVAT returns could not be treated as unexplained credits where the Assessing Officer made no effective verification and produced no adverse material; the addition under section 68 was therefore deleted. Marketing payments to a non-resident advertising service provider were not subject to withholding where the recipient had no permanent establishment in India and no material showed the payment was taxable in India; the disallowance under section 40(a)(ia) was accordingly deleted. The appellate relief on both issues was upheld. en-us Wed, 30 Mar 2022 00:00:00 +0530 Fri, 01 Apr 2022 08:33:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420368 Trade creditor balances supported by creditor confirmations, purchase registers, ledger accounts, bank records and DVAT returns could not be treated as unexplained credits where the Assessing Officer made no effective verification and produced no adverse material; the addition under section 68 was therefore deleted. Marketing payments to a non-resident advertising service provider were not subject to withholding where the recipient had no permanent establishment in India and no material showed the payment was taxable in India; the disallowance under section 40(a)(ia) was accordingly deleted. The appellate relief on both issues was upheld. Case-Laws Income Tax Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420368