https://www.taxtmi.com/caselaws?id=67238 The Tribunal held that the Assessing Officer had the power to examine the creditworthiness of creditors under the Amnesty Scheme. It concluded that the creditworthiness of minor creditors was not established due to inconsistencies in their declarations. The Tribunal determined that only the amount credited in the firm's books should be added to the firm's income, upholding an addition of Rs. 3,61,246 and confirming the disallowance of interest amounting to Rs. 11,849. en-us Wed, 12 Feb 1997 00:00:00 +0530 Wed, 09 Mar 2011 16:56:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67238 The Tribunal held that the Assessing Officer had the power to examine the creditworthiness of creditors under the Amnesty Scheme. It concluded that the creditworthiness of minor creditors was not established due to inconsistencies in their declarations. The Tribunal determined that only the amount credited in the firm's books should be added to the firm's income, upholding an addition of Rs. 3,61,246 and confirming the disallowance of interest amounting to Rs. 11,849. Case-Laws Income Tax Wed, 12 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67238