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2020 (2) TMI 1650 - AT - Income TaxBogus and unexplained cash credit - HELD THAT:- Having scrutinized the individual creditors, CIT(A) deleted some of additions where he found that the assessee has submitted documents confirmation and proof in respect of sundry creditors. For balance creditors wherein the CIT(A) noticed that the assessee has failed to file a requisite documents statement and confirmation and proof of existence of sundry creditors, he sustained the addition made by AO. We have gone through the detailed reasoning given in the appellate order CIT(A)’s order and we note that the conclusion reached by the ld. CIT(A) need not to be interfered therefore we confirm the addition Addition relating to inflated sundry liabilities which has been confirmed by the CIT(A) as the assessee has failed to file the reconciliation of the sundry liabilities before the lower authorities - We have gone through the findings of the assessment order and findings of the appellate order. CIT(A) pointed out that assessee has not filed the reconciliation and confirmation of excess sundry liabilities. We are of the view that this issue should be remitted back to the file of the AO with the direction to the assessee to file the reconciliation and confirmation of excess sundry liabilities before the AO. AO is directed to adjudicate the issue in accordance to law.
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