https://www.taxtmi.com/highlights?id=71611 Unexplained credit u/s 68 - Partially genuine - As per AO, an individual creditor is true up to 75% level and untrue up to 25% level, which is unheard practice because a purchase bill issued by creditor cannot be bogus for 25% and true for 75% level, particularly when books of accounts are not rejected and purchases made from the said creditor has not been treated as bogus. - Additions deleted - AT en-us Wed, 23 Aug 2023 16:38:08 +0530 Wed, 23 Aug 2023 16:38:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71611 Unexplained credit u/s 68 - Partially genuine - As per AO, an individual creditor is true up to 75% level and untrue up to 25% level, which is unheard practice because a purchase bill issued by creditor cannot be bogus for 25% and true for 75% level, particularly when books of accounts are not rejected and purchases made from the said creditor has not been treated as bogus. - Additions deleted - AT Highlights Income Tax Wed, 23 Aug 2023 16:38:08 +0530 https://www.taxtmi.com/highlights?id=71611