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2023 (6) TMI 126 - AT - Income TaxAdditions on account of sundry creditors - notices being issued to companies had failed to respond and gave confirmation of the outstanding credits - CIT-A deleted the addition - HELD THAT:- The order of ld. CIT(A) has showed that additional evidence was admitted and remand report was called from Ld. AO wherein no adverse comments was made with regard to reconciliation of account of STC, MMTC and PEC was given. Further the matter of fact is that all these three enterprises are public sector undertakings. Thus, the opinion of Ld. CIT(A) based upon the evidence before it and the aforesaid fact of the parties being Public Sector Undertakings to delete the additions on account of sundry creditors requires no interference. The appeal of revenue is dismissed.
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