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2021 (1) TMI 824 - AT - Income TaxAddition u/s. 68 on account of difference in amount realized from trade debtors as against amount outstanding - HELD THAT:- Being a trade debtor, creditworthiness and genuineness of the transaction is not disapproved by the Ld. A.O. particularly when the amount has been advanced to the said company and realized subsequently leaving only a balance of ₹ 4,93,383/- similar to the transaction made in the case of the earlier addition in respect of M/s. Kwality Dairy Ltd. which has been rightly taken into consideration by the ld. CIT(A) without any ambiguity so as to warrant any interference. Hence, we confirm the same. The challenge made by the Revenue is thus without any basis and thus rejected. In the absence of any merit, the appeal preferred by the Revenue stands dismissed.
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