https://www.taxtmi.com/caselaws?id=751561 Additions made under s.68 were deleted: the assessee (a resident partnership firm) produced comprehensive documentary evidence - audited books, item-wise stock registers, purchase/sale invoices, VAT returns/assessments and supplier confirmations - which discharged its initial burden and showed sales were genuine. The AO failed to prove the credits were unexplained, so s.68 additions were unsustainable. The Tribunal also held s.69 was inapplicable and could not be invoked at the third-member stage without prior notice, and therefore conversion of the addition to s.69 was impermissible. en-us Tue, 26 Mar 2024 00:00:00 +0530 Wed, 01 Oct 2025 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751561 Additions made under s.68 were deleted: the assessee (a resident partnership firm) produced comprehensive documentary evidence - audited books, item-wise stock registers, purchase/sale invoices, VAT returns/assessments and supplier confirmations - which discharged its initial burden and showed sales were genuine. The AO failed to prove the credits were unexplained, so s.68 additions were unsustainable. The Tribunal also held s.69 was inapplicable and could not be invoked at the third-member stage without prior notice, and therefore conversion of the addition to s.69 was impermissible. Case-Laws Income Tax Tue, 26 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751561