2018 (3) TMI 1467

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... TICE AKIL KURESHI) 1. Revenue is in appeal against the judgment of the Income Tax Appellate Tribunal dated 20.01.2017 raising following questions for our consideration: "[A] Whether the Tribunal is justified in law in deleting the addition on account of sundry creditors of Rs. 7,12,40,589/made by the AO though the assessee did not fulfill the requirement of proving the genuineness of the transa .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... f the loans as required u/s.68 of the Act, because the parties did not respond to the notices issued u/s.133(6) by the AO and none appeared before any authority?" 2. All three questions relate to additions made by the Assessing Officer under section 68 of the Income Tax Act, 1961 ('the Act' for short). All the additions were deleted by Commissioner of Income Tax (Appeals). Such deletions .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X