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2023 (9) TMI 469 - ITAT CHENNAIRevision u/s. 263 - CIT setting aside the assessment framed u/s. 143(3) on the issue of non-verification of sundry creditors - HELD THAT:- We noted that the AO has not made any enquiry regarding the cash credits as pointed out by the PCIT in his order. Admittedly, there are cash credits as on 31.03.2015 and assessee has filed names only. The assessee has not filed address, assessment details, PAN number or the source of deposit. Hence, we find no infirmity in the revision order passed by PCIT with direction to AO to verify these sundry creditors according to law. Therefore, we affirm the revision order passed by the PCIT and dismissed the appeal of assessee.
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