Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2018 (5) TMI 627 - ITAT RANCHI
Addition being sundry creditors u/s. 68 - purchases have been accepted as genuine - Held that:- AO is wrong in making the impugned addition on account of sundry creditor, which are related to purchases and the same also accepted by the AO as genuine. Without rejecting the purchases, the sundry creditors cannot be treated as income of assessee. Case of Ms/ Standard Leather Pvt. Ltd. [2016 (9) TMI 1437 - ITAT KOLKATA] to be followed. - Decided in favour of assessee.