https://www.taxtmi.com/highlights?id=103687 Outstanding trade-creditor additions may require verification rather than immediate treatment as unexplained cash credits where purchases, corresponding sales and stock are accepted, repayments are undisputed, and additional evidence supports genuine dealings. Additional evidence may be admitted where a supplier's records were unavailable because of fire, subject to assessment verification; no addition should follow if verification reveals no discrepancy. For purchase transactions subject to both tax deduction and collection rules, a buyer need not deduct tax where the seller has already collected tax at source before deduction. Accordingly, the related purchase-payment disallowance was deleted, while the creditor balance was restored for verification. en-us Sat, 12 Sep 2026 08:41:33 +0530 Sat, 12 Sep 2026 08:41:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=103687 Outstanding trade-creditor additions may require verification rather than immediate treatment as unexplained cash credits where purchases, corresponding sales and stock are accepted, repayments are undisputed, and additional evidence supports genuine dealings. Additional evidence may be admitted where a supplier's records were unavailable because of fire, subject to assessment verification; no addition should follow if verification reveals no discrepancy. For purchase transactions subject to both tax deduction and collection rules, a buyer need not deduct tax where the seller has already collected tax at source before deduction. Accordingly, the related purchase-payment disallowance was deleted, while the creditor balance was restored for verification. Highlights Income Tax Sat, 12 Sep 2026 08:41:33 +0530 https://www.taxtmi.com/highlights?id=103687