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2020 (8) TMI 754 - AT - Income TaxAddition u/s 41(1) - Failure to prove to genuineness of the claim of ‘Sundry Creditors and advances’ - HELD THAT:- As required the assessee to furnish certain details with respect to sundry creditors and the Assessing Officer had not satisfied by the details filed by the assessee therefore the said amount was disallowed by the AO u/s 41(1) - We note that the onus is on the AO to establish that the liability has ceased or remitted. We note that assessee has not obtained any benefit as required under the provisions of section 41(1). Assessee submitted that the liability in balance sheet is a moving account and majority of the creditors are for current year and moreover many creditors were paid off in the subsequent year. No infirmity in the order passed by the CIT(A), hence we decline to interfere in the order passed by the CIT(A), his order on this issue is hereby upheld and the grounds of appeal raised by the Revenue is dismissed.
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