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2015 (10) TMI 2758 - ITAT INDOREAddition towards unpaid sundry creditors treated as bogus - HELD THAT:- Revenue has failed to controvert the findings of the learned CIT(A) in respect of 16 creditors which have been accepted by learned CIT(A) as genuine, therefore we find no merit in the appeal of the revenue. In respect of five creditors which were held to be non-genuine, we hold that certain more facts need to be brought on record to decide the issue, therefore, after hearing both the sides, we restore this issue to the file of the AO to decide de novo. The assessee shall provide correct addresses of these five creditors and the AO will verify whether these concerns are showing outstanding in their books of accounts against the assessee. Whether the creditors are genuine or not. After considering all these, AO shall decide the issue as per law. Revenue’s appeal is dismissed and the assessee’s appeal is allowed for statistical purposes.
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