Unexplained Cash Advances u/s 68: Trade Advances Adjusted Against Sales Should Not Be Classified as Unexplained Cash Credits.

Addition u/s 68 - Unexplained cash advances received from various customers - trade advances given by the creditors/customers were found to be adjusted against the sale of products made by the assessee subsequently to the concerned creditors/customers then the advances so received by the assessee could not be treated as unexplained cash credit - no addition .....

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