https://www.taxtmi.com/caselaws?id=791465 Recorded sales supported by invoices, waybills, ledger accounts, Form C, stock records and banking receipts cannot be treated as unexplained cash credits merely on an uncorroborated third-party statement, where no defects in the books, purchases or stock are established. The section 68 addition was therefore deleted. Expenditure lacking supporting bills and vouchers may be disallowed because its genuineness cannot be verified; the estimated disallowance was sustained. The taxpayer consequently received partial relief. en-us Fri, 27 Mar 2026 00:00:00 +0530 Mon, 11 May 2026 14:10:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791465 Recorded sales supported by invoices, waybills, ledger accounts, Form C, stock records and banking receipts cannot be treated as unexplained cash credits merely on an uncorroborated third-party statement, where no defects in the books, purchases or stock are established. The section 68 addition was therefore deleted. Expenditure lacking supporting bills and vouchers may be disallowed because its genuineness cannot be verified; the estimated disallowance was sustained. The taxpayer consequently received partial relief. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791465