https://www.taxtmi.com/caselaws?id=188641 The appeal by the revenue against the CIT (A) order for A.Y. 2007-08 involved disallowance under section 43B and addition on account of bogus creditors. The Tribunal remanded the disallowance u/s 43B issue to the AO for fresh adjudication, emphasizing that if the assessee is not entitled to claim a deduction, disallowance u/s 43B does not arise. Regarding the addition on account of bogus creditors, the Tribunal agreed with CIT (A) that section 41(1) was not applicable as liabilities had not been written off or remitted, leading to the deletion of the addition made by the AO. en-us Fri, 28 Jun 2013 00:00:00 +0530 Sat, 10 Dec 2016 11:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188641 The appeal by the revenue against the CIT (A) order for A.Y. 2007-08 involved disallowance under section 43B and addition on account of bogus creditors. The Tribunal remanded the disallowance u/s 43B issue to the AO for fresh adjudication, emphasizing that if the assessee is not entitled to claim a deduction, disallowance u/s 43B does not arise. Regarding the addition on account of bogus creditors, the Tribunal agreed with CIT (A) that section 41(1) was not applicable as liabilities had not been written off or remitted, leading to the deletion of the addition made by the AO. Case-Laws Income Tax Fri, 28 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188641