https://www.taxtmi.com/caselaws?id=423070 The Tribunal upheld the Commissioner's decision to delete the addition of Rs. 1,91,98,342 made by the Assessing Officer on account of a significant increase in Sundry Creditors compared to turnover. Additional evidence submitted during the appellate proceedings supported the increase, and no adverse findings were reported regarding the creditors' identity or genuineness. The Tribunal confirmed the Commissioner's findings on the verification of domestic and overseas creditors, dismissing the Revenue's appeal and upholding the Commissioner's order to delete the additions on account of Sundry Creditors. en-us Thu, 28 Apr 2022 00:00:00 +0530 Fri, 27 May 2022 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423070 The Tribunal upheld the Commissioner's decision to delete the addition of Rs. 1,91,98,342 made by the Assessing Officer on account of a significant increase in Sundry Creditors compared to turnover. Additional evidence submitted during the appellate proceedings supported the increase, and no adverse findings were reported regarding the creditors' identity or genuineness. The Tribunal confirmed the Commissioner's findings on the verification of domestic and overseas creditors, dismissing the Revenue's appeal and upholding the Commissioner's order to delete the additions on account of Sundry Creditors. Case-Laws Income Tax Thu, 28 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423070