https://www.taxtmi.com/caselaws?id=460096 Section 68 addition for sundry creditors and unexplained cash credits was deleted where the assessee produced account copies, bills, confirmations, proof of payment and VAT returns. The purchase bills for the relevant period were verified in remand proceedings, and the Assessing Officer did not record any adverse remark or bring any adverse material against the creditors. As the remand report accepted the genuineness of the transactions, there was no basis to sustain the addition, and the Revenue's challenge failed. en-us Wed, 16 Oct 2024 00:00:00 +0530 Fri, 10 Jan 2025 20:17:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460096 Section 68 addition for sundry creditors and unexplained cash credits was deleted where the assessee produced account copies, bills, confirmations, proof of payment and VAT returns. The purchase bills for the relevant period were verified in remand proceedings, and the Assessing Officer did not record any adverse remark or bring any adverse material against the creditors. As the remand report accepted the genuineness of the transactions, there was no basis to sustain the addition, and the Revenue's challenge failed. Case-Laws Income Tax Wed, 16 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460096