https://www.taxtmi.com/caselaws?id=413166 The Tribunal directed the Assessing Officer (AO) to reevaluate the additions made under Section 68 of the Income Tax Act concerning sundry creditors, an inoperative account not written off, and unexplained credit due to M/s. Chandilya Traders. The Tribunal emphasized the importance of considering all evidence presented by the assessee and not solely relying on the absence of confirmation letters. The matters were set aside for the AO to reconsider in light of the evidence provided, ensuring a fair and just decision in accordance with the law. en-us Mon, 27 Sep 2021 00:00:00 +0530 Wed, 06 Oct 2021 08:46:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413166 The Tribunal directed the Assessing Officer (AO) to reevaluate the additions made under Section 68 of the Income Tax Act concerning sundry creditors, an inoperative account not written off, and unexplained credit due to M/s. Chandilya Traders. The Tribunal emphasized the importance of considering all evidence presented by the assessee and not solely relying on the absence of confirmation letters. The matters were set aside for the AO to reconsider in light of the evidence provided, ensuring a fair and just decision in accordance with the law. Case-Laws Income Tax Mon, 27 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413166