https://www.taxtmi.com/caselaws?id=377919 Addition for unexplained sundry creditors was not finally sustained where the first appellate authority admitted additional evidence but did not adjudicate it on merits. The record showed discrepancies in creditor balances after section 133(6) notices, yet the assessee had produced PAN details, invoices, ledger extracts and TDS documents that required verification. The genuineness of the liabilities and their alleged discharge through banking channels therefore needed fresh examination. The matter was set aside and restored to the Assessing Officer for de novo adjudication after giving the assessee a reasonable opportunity to substantiate the claim. en-us Wed, 03 Apr 2019 00:00:00 +0530 Thu, 04 Apr 2019 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377919 Addition for unexplained sundry creditors was not finally sustained where the first appellate authority admitted additional evidence but did not adjudicate it on merits. The record showed discrepancies in creditor balances after section 133(6) notices, yet the assessee had produced PAN details, invoices, ledger extracts and TDS documents that required verification. The genuineness of the liabilities and their alleged discharge through banking channels therefore needed fresh examination. The matter was set aside and restored to the Assessing Officer for de novo adjudication after giving the assessee a reasonable opportunity to substantiate the claim. Case-Laws Income Tax Wed, 03 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377919