https://www.taxtmi.com/caselaws?id=181865 The appeal was dismissed as the Assessing Officer's addition of Rs. 14,89,000 for unverified creditors and denial of deduction u/s 80HHC were upheld. The Tribunal found the lack of evidence that goods purchased were used in export business, leading to rejection of the deduction claim. Despite the assessee's arguments on summonses and address issues, the outstanding balances with creditors remained unexplained, indicating ongoing transactions. The denial of deduction and addition of unverified creditors were specific to the year under review, resulting in the dismissal of the appeal. en-us Wed, 02 Sep 2009 00:00:00 +0530 Tue, 26 Apr 2016 16:19:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181865 The appeal was dismissed as the Assessing Officer's addition of Rs. 14,89,000 for unverified creditors and denial of deduction u/s 80HHC were upheld. The Tribunal found the lack of evidence that goods purchased were used in export business, leading to rejection of the deduction claim. Despite the assessee's arguments on summonses and address issues, the outstanding balances with creditors remained unexplained, indicating ongoing transactions. The denial of deduction and addition of unverified creditors were specific to the year under review, resulting in the dismissal of the appeal. Case-Laws Income Tax Wed, 02 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181865