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2017 (5) TMI 17 - ITAT BANGALOREAddition in respect of sundry creditors - Held that:- We are at loss to understand as to from where the AO has picked up the figures mentioned in the remand report and cognizance of the same was taken by the CIT(A) without verifying the figures. Since the assessee has filed the confirmation letters of all the creditors and the revenue has not brought out anything on record to disbelieve the confirmation letters filed by the assessee, we find no justification in the addition made by the AO. On account of slight difference in the figures, the credit balance shown in the books of accounts of the assessee cannot be disbelieved. We therefore find no merit in the additions and we accordingly set aside the order of the CIT(A) and delete the additions. The other ground of appeal is with regard to chargeability of interest under section 234B, 234C and 234D. Since this ground is consequential in nature, it needs no independent adjudication. Accordingly, the appeal of the assessee is allowed.
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