https://www.taxtmi.com/caselaws?id=248042 The High Court disposed of the revenue's appeal under Section 260A of the Income Tax Act, 1961 as infructuous. The appeal challenged an ITAT order for the assessment year 2002-03 regarding the discharge of trade debts amounting to Rs. 29,66,953. The Court found that the liabilities towards sundry creditors were paid in subsequent assessment years, as evidenced by assessment orders from 2003-04 to 2009-10. Consequently, the appeal was deemed infructuous and disposed of based on the established payment of liabilities in subsequent years. en-us Tue, 22 Apr 2014 00:00:00 +0530 Sat, 21 Feb 2015 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248042 The High Court disposed of the revenue's appeal under Section 260A of the Income Tax Act, 1961 as infructuous. The appeal challenged an ITAT order for the assessment year 2002-03 regarding the discharge of trade debts amounting to Rs. 29,66,953. The Court found that the liabilities towards sundry creditors were paid in subsequent assessment years, as evidenced by assessment orders from 2003-04 to 2009-10. Consequently, the appeal was deemed infructuous and disposed of based on the established payment of liabilities in subsequent years. Case-Laws Income Tax Tue, 22 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248042