Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2016 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (11) TMI 1026 - HC - Income TaxAddition u/s 68 - genuineness of the claim of sundry creditors - Held that:- Most of the liabilities were of the current year or immediately preceding year and the accounts were active in nature and the transactions were being carried out for the current year as well as in the subsequent year. Considering these facts and circumstances of the case, we are of the view that the addition was rightly deleted and find no infirmity in his order which is sustained. - Decided in favour of assessee
|