https://www.taxtmi.com/caselaws?id=795588 Outstanding liabilities arising from accepted purchases and services cannot be treated as unexplained cash credits without receipt of unexplained funds; banking-channel payments and corresponding consortium records support their character as trade liabilities. Technical and liaisoning charges paid under a consortium arrangement are supported where documentary records establish the services, business purpose and tax compliance, particularly when related GST invoices are accepted. Accounting records, ledgers and invoices already forming part of the books do not constitute impermissible additional evidence, and a business memorandum of understanding need not be registered to remain valid. en-us Fri, 22 May 2026 00:00:00 +0530 Fri, 24 Jul 2026 08:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795588 Outstanding liabilities arising from accepted purchases and services cannot be treated as unexplained cash credits without receipt of unexplained funds; banking-channel payments and corresponding consortium records support their character as trade liabilities. Technical and liaisoning charges paid under a consortium arrangement are supported where documentary records establish the services, business purpose and tax compliance, particularly when related GST invoices are accepted. Accounting records, ledgers and invoices already forming part of the books do not constitute impermissible additional evidence, and a business memorandum of understanding need not be registered to remain valid. Case-Laws Income Tax Fri, 22 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795588