https://www.taxtmi.com/highlights?id=46905 Addition u/s. 41 (1) or u/s 68 - no reply by sundry creditors u/s 133(6) - AO has accepted purchases as genuine and the amount outstanding in the name of sundry creditors have been paid through banking channels in subsequent years and purchases in subsequent years has been accepted by the revenue without any doubt - addition not permissible merely because the said creditors were not produced before the AO en-us Sat, 01 Jun 2019 07:56:11 +0530 Sat, 01 Jun 2019 07:56:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46905 Addition u/s. 41 (1) or u/s 68 - no reply by sundry creditors u/s 133(6) - AO has accepted purchases as genuine and the amount outstanding in the name of sundry creditors have been paid through banking channels in subsequent years and purchases in subsequent years has been accepted by the revenue without any doubt - addition not permissible merely because the said creditors were not produced before the AO Highlights Income Tax Sat, 01 Jun 2019 07:56:11 +0530 https://www.taxtmi.com/highlights?id=46905