https://www.taxtmi.com/caselaws?id=244612 The Tribunal allowed the appellant's appeal for statistical purposes, directing the Assessing Officer to verify the payment status of creditors in A.Y. 09-10 regarding writing off unpaid creditors from A.Y. 2003-04. The Tribunal emphasized the burden on the appellant to prove liabilities towards unpaid creditors for purchases, which was not fulfilled, leading to the dismissal of the appeal by the CIT(A). The Assessing Officer's failure to apply the Indian Limitation Act was justified due to the lack of evidence supporting the existence of liabilities. en-us Wed, 26 Feb 2014 00:00:00 +0530 Mon, 03 Mar 2014 09:19:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244612 The Tribunal allowed the appellant's appeal for statistical purposes, directing the Assessing Officer to verify the payment status of creditors in A.Y. 09-10 regarding writing off unpaid creditors from A.Y. 2003-04. The Tribunal emphasized the burden on the appellant to prove liabilities towards unpaid creditors for purchases, which was not fulfilled, leading to the dismissal of the appeal by the CIT(A). The Assessing Officer's failure to apply the Indian Limitation Act was justified due to the lack of evidence supporting the existence of liabilities. Case-Laws Income Tax Wed, 26 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244612