https://www.taxtmi.com/caselaws?id=75367 The High Court held that the assessee failed to provide adequate evidence to support the entries related to two specific sundry creditors, M/s. Mohan Fireworks and M/s. Santosh Sharma. As a result, the court concluded that the assessee did not discharge the onus of proof, leading to the deletion of additions by the Tribunal being deemed erroneous. The appeal was allowed, and the Tribunal's decision on the issue was overturned, upholding the Assessing Officer's determination of the sundry creditors' amount based on available information. en-us Mon, 24 Nov 2008 00:00:00 +0530 Sat, 10 Apr 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75367 The High Court held that the assessee failed to provide adequate evidence to support the entries related to two specific sundry creditors, M/s. Mohan Fireworks and M/s. Santosh Sharma. As a result, the court concluded that the assessee did not discharge the onus of proof, leading to the deletion of additions by the Tribunal being deemed erroneous. The appeal was allowed, and the Tribunal's decision on the issue was overturned, upholding the Assessing Officer's determination of the sundry creditors' amount based on available information. Case-Laws Income Tax Mon, 24 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75367