https://www.taxtmi.com/caselaws?id=786163 Addition framed as cessation of liability for alleged bogus sundry creditors was disallowed where the assessing officer accepted the assessee's trading results and consequent rise in purchases and creditors, and earlier assessments had similarly accepted those creditors; sample-based enquiries showing 29.24% nonverifiable entries did not justify treating the entire liability as ceased. Reliance on highercourt precedents supported deletion of the addition, resulting in relief to the assessee and cancellation of the liability adjustment previously made by the assessing officer. en-us Wed, 04 Feb 2026 00:00:00 +0530 Sat, 07 Feb 2026 07:19:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786163 Addition framed as cessation of liability for alleged bogus sundry creditors was disallowed where the assessing officer accepted the assessee's trading results and consequent rise in purchases and creditors, and earlier assessments had similarly accepted those creditors; sample-based enquiries showing 29.24% nonverifiable entries did not justify treating the entire liability as ceased. Reliance on highercourt precedents supported deletion of the addition, resulting in relief to the assessee and cancellation of the liability adjustment previously made by the assessing officer. Case-Laws Income Tax Wed, 04 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786163