https://www.taxtmi.com/caselaws?id=329642 The Tribunal set aside all issues to the Assessing Officer with specific directions, including no addition on opening balances of sundry creditors, no addition on debit balances of sundry creditors, extensive verification of current liabilities and provisions for accounts with transactions during the year, allowing set-off of debit balances with credit balances for the same parties, requiring the assessee to cooperate and furnish necessary evidence, and providing evidence for rectifications and settlements made in subsequent years. The appeal of the revenue was allowed for statistical purposes. en-us Wed, 13 Apr 2016 00:00:00 +0530 Thu, 07 Jul 2016 12:13:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329642 The Tribunal set aside all issues to the Assessing Officer with specific directions, including no addition on opening balances of sundry creditors, no addition on debit balances of sundry creditors, extensive verification of current liabilities and provisions for accounts with transactions during the year, allowing set-off of debit balances with credit balances for the same parties, requiring the assessee to cooperate and furnish necessary evidence, and providing evidence for rectifications and settlements made in subsequent years. The appeal of the revenue was allowed for statistical purposes. Case-Laws Income Tax Wed, 13 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329642