https://www.taxtmi.com/caselaws?id=779431 Where purchases and sales are accepted and the assessee supports creditor balances with ledgers, confirmations and other records, an addition cannot be sustained merely from the difference between opening and closing sundry creditor balances. The record did not show rejection of the purchases as a whole or any finding disproving the underlying trading activity, so the discrepancy in creditor balances alone was insufficient to justify the addition. The addition on account of sundry creditors and alleged bogus purchases was therefore deleted in favour of the assessee. en-us Tue, 30 Sep 2025 00:00:00 +0530 Wed, 20 May 2026 17:09:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779431 Where purchases and sales are accepted and the assessee supports creditor balances with ledgers, confirmations and other records, an addition cannot be sustained merely from the difference between opening and closing sundry creditor balances. The record did not show rejection of the purchases as a whole or any finding disproving the underlying trading activity, so the discrepancy in creditor balances alone was insufficient to justify the addition. The addition on account of sundry creditors and alleged bogus purchases was therefore deleted in favour of the assessee. Case-Laws Income Tax Tue, 30 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779431