https://www.taxtmi.com/caselaws?id=391342 The Tribunal concluded that the addition made by the Assessing Officer under Section 68 of the Income Tax Act regarding three sundry creditors was unjustified. The Tribunal set aside the CIT(A)'s order and directed the AO to delete the addition. The appeal by the assessee was allowed, emphasizing that trading results were accepted, and payments to creditors were substantiated in subsequent years. The order was pronounced on 21.01.2020, in favor of the assessee. en-us Tue, 21 Jan 2020 00:00:00 +0530 Sat, 25 Jan 2020 17:15:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391342 The Tribunal concluded that the addition made by the Assessing Officer under Section 68 of the Income Tax Act regarding three sundry creditors was unjustified. The Tribunal set aside the CIT(A)'s order and directed the AO to delete the addition. The appeal by the assessee was allowed, emphasizing that trading results were accepted, and payments to creditors were substantiated in subsequent years. The order was pronounced on 21.01.2020, in favor of the assessee. Case-Laws Income Tax Tue, 21 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391342