https://www.taxtmi.com/caselaws?id=285860 The Tribunal upheld the CIT(A)'s decision to delete the addition of bogus sundry creditors, as the assessee failed to prove their genuineness. The Tribunal also agreed with the CIT(A) in justifying the estimation of income by applying a higher net profit rate and including trade creditors in the turnover for a civil contractor. The department's appeal was dismissed in both instances, confirming the decisions made by the CIT(A) and the Tribunal. en-us Mon, 09 Jun 2014 00:00:00 +0530 Fri, 31 Jan 2020 07:47:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285860 The Tribunal upheld the CIT(A)'s decision to delete the addition of bogus sundry creditors, as the assessee failed to prove their genuineness. The Tribunal also agreed with the CIT(A) in justifying the estimation of income by applying a higher net profit rate and including trade creditors in the turnover for a civil contractor. The department's appeal was dismissed in both instances, confirming the decisions made by the CIT(A) and the Tribunal. Case-Laws Income Tax Mon, 09 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285860