https://www.taxtmi.com/forum/issue?id=119549 Taxpayer showed banked sales and paid GST; purchaser admitted cheque discounting. Assessing officer treated receipts as unexplained cash credits. Respondents dispute whether income-tax addition is appropriate versus GST remedies: examine genuineness of supply, evidence of movement, whether ITC was legitimately used, and possible characterization as bill trading requiring reversal of input tax credit and GST anti-evasion action. en-us Sun, 26 Jan 2025 14:14:59 +0530 Sun, 02 Feb 2025 20:59:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119549 Taxpayer showed banked sales and paid GST; purchaser admitted cheque discounting. Assessing officer treated receipts as unexplained cash credits. Respondents dispute whether income-tax addition is appropriate versus GST remedies: examine genuineness of supply, evidence of movement, whether ITC was legitimately used, and possible characterization as bill trading requiring reversal of input tax credit and GST anti-evasion action. Discussion-Forum Income Tax Sun, 26 Jan 2025 14:14:59 +0530 https://www.taxtmi.com/forum/issue?id=119549