https://www.taxtmi.com/caselaws?id=470264 Ad hoc addition to outstanding sundry creditors was unsustainable where audited financial statements, creditor-wise details, KYC and PAN records, ledger extracts, purchase bills and bank-payment records established their nature, source and genuineness. The addition was made without rejecting the book results and lacked a substantiated basis. The commentary states that the addition was deleted in favour of the assessee. en-us Tue, 18 Mar 2025 00:00:00 +0530 Tue, 21 Jul 2026 19:10:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470264 Ad hoc addition to outstanding sundry creditors was unsustainable where audited financial statements, creditor-wise details, KYC and PAN records, ledger extracts, purchase bills and bank-payment records established their nature, source and genuineness. The addition was made without rejecting the book results and lacked a substantiated basis. The commentary states that the addition was deleted in favour of the assessee. Case-Laws Income Tax Tue, 18 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470264