https://www.taxtmi.com/caselaws?id=470626 Additional evidence under Rule 29 may be admitted for substantial cause where necessary to secure substantial justice, despite earlier opportunities to produce it. For purchase-related credits, the assessee must establish the creditor's identity and creditworthiness and the genuineness of the underlying transaction. Supplier confirmation, evidence of actual receipt and movement of goods, stock records, and corresponding sales may be required to corroborate the claim. Banking-channel payments alone do not prove actual supply or validate a purchase credit. Where official verification and surrounding facts undermine the supplier's existence or transactions, the credit balance may be treated as unexplained cash credit under Section 68. en-us Mon, 24 Mar 2025 00:00:00 +0530 Sat, 01 Aug 2026 19:57:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470626 Additional evidence under Rule 29 may be admitted for substantial cause where necessary to secure substantial justice, despite earlier opportunities to produce it. For purchase-related credits, the assessee must establish the creditor's identity and creditworthiness and the genuineness of the underlying transaction. Supplier confirmation, evidence of actual receipt and movement of goods, stock records, and corresponding sales may be required to corroborate the claim. Banking-channel payments alone do not prove actual supply or validate a purchase credit. Where official verification and surrounding facts undermine the supplier's existence or transactions, the credit balance may be treated as unexplained cash credit under Section 68. Case-Laws Income Tax Mon, 24 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470626