https://www.taxtmi.com/caselaws?id=304094 The ITAT dismissed the revenue's appeal, upholding the CIT(A)'s decision to delete the additions related to sundry creditors and sundry debtors. The court found that the genuineness of the creditors and debtors was established through evidence, despite non-response to notices under section 133(6). The transactions were deemed routine and supported by adequate documentation, leading to the rejection of the Commissioner of Income Tax (Appeals)-IV's additions for the assessment year 2007-08. en-us Thu, 15 Dec 2011 00:00:00 +0530 Wed, 07 Sep 2022 16:10:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304094 The ITAT dismissed the revenue's appeal, upholding the CIT(A)'s decision to delete the additions related to sundry creditors and sundry debtors. The court found that the genuineness of the creditors and debtors was established through evidence, despite non-response to notices under section 133(6). The transactions were deemed routine and supported by adequate documentation, leading to the rejection of the Commissioner of Income Tax (Appeals)-IV's additions for the assessment year 2007-08. Case-Laws Income Tax Thu, 15 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304094