https://www.taxtmi.com/caselaws?id=798218 Taxation of outstanding trade creditors requires proof that the taxpayer obtained a benefit through remission or cessation; missing confirmations, bills or vouchers alone do not establish that result where creditor-wise material and subsequent payments show that liabilities continue. Unsecured-loan additions require material addressing identity, creditworthiness and genuineness; confirmations, tax records and bank statements cannot be rejected without specific defects or contrary evidence. Material additional evidence may be considered where sufficient cause exists and its merits are examined without demonstrated prejudice; Rule 46A safeguards procedural fairness. CASS scrutiny parameters define the scope of scrutiny but do not independently establish taxable income. en-us Mon, 31 Aug 2026 00:00:00 +0530 Thu, 03 Sep 2026 08:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798218 Taxation of outstanding trade creditors requires proof that the taxpayer obtained a benefit through remission or cessation; missing confirmations, bills or vouchers alone do not establish that result where creditor-wise material and subsequent payments show that liabilities continue. Unsecured-loan additions require material addressing identity, creditworthiness and genuineness; confirmations, tax records and bank statements cannot be rejected without specific defects or contrary evidence. Material additional evidence may be considered where sufficient cause exists and its merits are examined without demonstrated prejudice; Rule 46A safeguards procedural fairness. CASS scrutiny parameters define the scope of scrutiny but do not independently establish taxable income. Case-Laws Income Tax Mon, 31 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798218