Unexplained Cash Credit Linked to Trade Advance Not Taxable, Section 68 Addition Not Warranted, Invoices Justify Sales Adjustment.

Unexplained cash credit - trade advance for purchase of goods - copies of invoice raised by the assessee show that the assessee has squared up by adjusting the sales of the goods for the amount which it has received as advance - no addition u/s. 68 is warranted .....

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