https://www.taxtmi.com/caselaws?id=57313 Section 68 can apply to credits beyond cash, but where adverse material is put to the assessee at the end of limitation and reasonable opportunity to rebut it is lacking, the addition should be remitted for fresh adjudication. On the facts, the sundry creditor addition relating to agricultural produce transactions was set aside and restored to the Assessing Officer for reconsideration after allowing further evidence. A commission-like DAMI payment to sister concerns is allowable only if actual services, commercial expediency, and business necessity are proved by cogent evidence. As no reliable proof of services or genuine business purpose was shown, the disallowance of the DAMI payment was upheld. en-us Fri, 24 Mar 2006 00:00:00 +0530 Thu, 14 Mar 2024 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57313 Section 68 can apply to credits beyond cash, but where adverse material is put to the assessee at the end of limitation and reasonable opportunity to rebut it is lacking, the addition should be remitted for fresh adjudication. On the facts, the sundry creditor addition relating to agricultural produce transactions was set aside and restored to the Assessing Officer for reconsideration after allowing further evidence. A commission-like DAMI payment to sister concerns is allowable only if actual services, commercial expediency, and business necessity are proved by cogent evidence. As no reliable proof of services or genuine business purpose was shown, the disallowance of the DAMI payment was upheld. Case-Laws Income Tax Fri, 24 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57313