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2018 (3) TMI 1467 - HC - Income TaxAddition u/s 68 - addition on account of sundry creditors - genuineness of the transactions - creditors did not respond to the notices issued u/s. 133(6) by the AO - Held that:- The assessee had at the outset, contrary to what was observed by the Assessing Officer, supplied necessary details of all transactions and persons with whom such transactions were made. Wherever there was lack of response from these persons during the assessment, the Commissioner of Income Tax (Appeals) believed the genuineness of the transactions on the basis of the remand report called for during the appellate proceedings. The issues are thus, purely factual in nature. Commissioner of Income Tax (Appeals) and the Tribunal concurrently held that the additions under section 68 were incorrectly made - no question of law arise - Decided against revenue
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