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2022 (3) TMI 1234 - ITAT DELHIUnexplained credit u/s 68 - notice u/s. 133(6) was issued to various sundry creditors to ascertain their creditworthiness and most of the creditors have not replied with satisfactory explanation except few - HELD THAT:- AO has not been able to specify the deficiency and could not bring any material on record to substantiate his findings in light of the fact that all the necessary documents in respect of purchase creditors were furnished by the appellant during the course of assessment proceedings. Considering the facts mentioned above, the action of the AO appears to be arbitrary and is found to be not supported with cogent reasons and material. In view of the above, addition cannot be upheld and the same is deleted. Accordingly, the above grounds of appeal of appeal are allowed.
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