https://www.taxtmi.com/caselaws?id=778415 ITAT DELHI - AT held that credits totaling INR 2,08,52,538 representing purchases during the year are to be allowed, but the assessee failed to prove genuineness of the remaining closing balances relating to 27 creditors. Payments to those parties were squared off in subsequent years in cash and one supplier's purchases were accepted, but overall evidentiary burden was unmet. The Tribunal directed a disallowance of 25% of the remaining purchase amounting to INR 45,32,475 (25% of INR 1,81,29,900) as unexplained expenditure; grounds partly allowed. en-us Fri, 12 Sep 2025 00:00:00 +0530 Tue, 16 Sep 2025 09:02:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778415 ITAT DELHI - AT held that credits totaling INR 2,08,52,538 representing purchases during the year are to be allowed, but the assessee failed to prove genuineness of the remaining closing balances relating to 27 creditors. Payments to those parties were squared off in subsequent years in cash and one supplier's purchases were accepted, but overall evidentiary burden was unmet. The Tribunal directed a disallowance of 25% of the remaining purchase amounting to INR 45,32,475 (25% of INR 1,81,29,900) as unexplained expenditure; grounds partly allowed. Case-Laws Income Tax Fri, 12 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778415