https://www.taxtmi.com/caselaws?id=396425 The Tribunal allowed the appeal of the assessee regarding the addition of outstanding sundry creditors. The assessing officer added an amount to the total income due to lack of proof of expenses incurred in the current year. The CIT(A) dismissed the appeal, but the Tribunal disagreed, noting that the assessing officer did not disprove the evidence submitted by the assessee. The Tribunal found supporting documents for the creditors in the evidence submitted and disagreed with the CIT(A)'s decision. The appeal was allowed on 27-05-2020. en-us Wed, 27 May 2020 00:00:00 +0530 Sat, 04 Jul 2020 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396425 The Tribunal allowed the appeal of the assessee regarding the addition of outstanding sundry creditors. The assessing officer added an amount to the total income due to lack of proof of expenses incurred in the current year. The CIT(A) dismissed the appeal, but the Tribunal disagreed, noting that the assessing officer did not disprove the evidence submitted by the assessee. The Tribunal found supporting documents for the creditors in the evidence submitted and disagreed with the CIT(A)'s decision. The appeal was allowed on 27-05-2020. Case-Laws Income Tax Wed, 27 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396425