https://www.taxtmi.com/caselaws?id=368294 The Tribunal ruled in favor of the assessee, directing the deletion of the addition made by the ld. AO regarding the sundry creditor balance under section 68 of the Income Tax Act, 1961. The Tribunal found that the creditor balance was for materials supplied for road contract work, confirmed by the supplier, and supported by necessary documents. The erroneous addition under section 68 was deemed unjustified as the purchases were not disputed, leading to the appeal being allowed in favor of the assessee. en-us Wed, 26 Sep 2018 00:00:00 +0530 Fri, 05 Oct 2018 07:41:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368294 The Tribunal ruled in favor of the assessee, directing the deletion of the addition made by the ld. AO regarding the sundry creditor balance under section 68 of the Income Tax Act, 1961. The Tribunal found that the creditor balance was for materials supplied for road contract work, confirmed by the supplier, and supported by necessary documents. The erroneous addition under section 68 was deemed unjustified as the purchases were not disputed, leading to the appeal being allowed in favor of the assessee. Case-Laws Income Tax Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368294