https://www.taxtmi.com/caselaws?id=777501 ITAT (DELHI) held that additions under section 68 disallowing outstanding balances against four creditors must be deleted. The AO had accepted the purchases, consumption and trading results, did not impugn books of account or accounting method, and failed to rebut evidence of payment or recovery suits in subsequent year. The tribunal found identity and creditworthiness of suppliers established and criticized the CIT(A)'s speculative assumptions; directed AO to delete the additions. en-us Thu, 28 Aug 2025 00:00:00 +0530 Sat, 30 Aug 2025 08:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777501 ITAT (DELHI) held that additions under section 68 disallowing outstanding balances against four creditors must be deleted. The AO had accepted the purchases, consumption and trading results, did not impugn books of account or accounting method, and failed to rebut evidence of payment or recovery suits in subsequent year. The tribunal found identity and creditworthiness of suppliers established and criticized the CIT(A)'s speculative assumptions; directed AO to delete the additions. Case-Laws Income Tax Thu, 28 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777501