https://www.taxtmi.com/caselaws?id=182156 The court analyzed the application of sections 68 and 69C in cases where sundry creditors were not proved by the assessee. It was held that the principles contained in these sections would be applicable, allowing for additions to be made by the Assessing Officer if sundry credits were not adequately proven. As a result, the substantial question of law was answered in favor of the Revenue, leading to the dismissal of the appeals filed by the assessee and affirming the Tribunal's order. en-us Tue, 09 Jun 2015 00:00:00 +0530 Wed, 04 May 2016 09:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182156 The court analyzed the application of sections 68 and 69C in cases where sundry creditors were not proved by the assessee. It was held that the principles contained in these sections would be applicable, allowing for additions to be made by the Assessing Officer if sundry credits were not adequately proven. As a result, the substantial question of law was answered in favor of the Revenue, leading to the dismissal of the appeals filed by the assessee and affirming the Tribunal's order. Case-Laws Income Tax Tue, 09 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182156