https://www.taxtmi.com/caselaws?id=462634 ITAT Ahmedabad allowed the assessee's appeal against addition under Section 68 for unexplained credit. Revenue authorities alleged fabrication of sale bills and ledger copies but failed to substantiate their claims. The assessee provided comprehensive documentation including confirmation copies, sales bills, stock registers, PAN card details, and proper accounting entries in bank books and registers. The AO and CIT(A) merely rejected evidence without establishing fabrication. ITAT held that rejection of evidence alone cannot justify additions without proper substantiation by revenue authorities. en-us Fri, 24 Feb 2023 00:00:00 +0530 Sat, 05 Jul 2025 14:01:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462634 ITAT Ahmedabad allowed the assessee's appeal against addition under Section 68 for unexplained credit. Revenue authorities alleged fabrication of sale bills and ledger copies but failed to substantiate their claims. The assessee provided comprehensive documentation including confirmation copies, sales bills, stock registers, PAN card details, and proper accounting entries in bank books and registers. The AO and CIT(A) merely rejected evidence without establishing fabrication. ITAT held that rejection of evidence alone cannot justify additions without proper substantiation by revenue authorities. Case-Laws Income Tax Fri, 24 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462634