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2017 (9) TMI 1697 - HC - Income TaxAddition u/s 68 - whether the ITAT was justified in confirming the order of the Commissioner of Income Tax (Appeals) which deleted the addition u/s 68 only on the ground that the payments to the creditors have been made by the Assessee in the subsequent years - Held that:- The fact remains that the explanation offered by the Assessee regarding repayment to the creditors in subsequent years was accepted by the Revenue. Therefore the Court is not inclined to examine the question as urged. Nevertheless, the question is left open for consideration in an appropriate case.
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