https://www.taxtmi.com/caselaws?id=176221 DELHI HC upheld ITAT/CIT(A) findings and dismissed the appeal, holding no substantial question of law arose. Although the assessee failed to produce books, bills and supporting entries, the AO had accepted the disclosed sales, purchases and gross profits; ITAT correctly concluded that where trading results and corresponding purchases are accepted, no addition under section 68 for sundry creditors can be sustained. Since creditors related to purchases and no disallowance of corresponding purchases was made, the HC found the ITAT's approach correct and dismissed the appeal. en-us Wed, 22 Jul 2009 00:00:00 +0530 Tue, 07 Jul 2026 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176221 DELHI HC upheld ITAT/CIT(A) findings and dismissed the appeal, holding no substantial question of law arose. Although the assessee failed to produce books, bills and supporting entries, the AO had accepted the disclosed sales, purchases and gross profits; ITAT correctly concluded that where trading results and corresponding purchases are accepted, no addition under section 68 for sundry creditors can be sustained. Since creditors related to purchases and no disallowance of corresponding purchases was made, the HC found the ITAT's approach correct and dismissed the appeal. Case-Laws Income Tax Wed, 22 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176221