https://www.taxtmi.com/caselaws?id=427752 The ITAT upheld the Ld. CIT(A)'s decision to delete additions of Rs. 1,70,77,128/- as bogus sundry creditors due to differences in opening balances. The differences were deemed not relevant to the current assessment year, and legal precedents supported their deletion. The ITAT dismissed the revenue's appeal, affirming the Ld. CIT(A)'s order and referencing a similar decision by a Coordinate Bench. The appeal was dismissed on both grounds, and the judgment was pronounced on 1st September 2022. en-us Thu, 01 Sep 2022 00:00:00 +0530 Fri, 16 Sep 2022 08:13:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427752 The ITAT upheld the Ld. CIT(A)'s decision to delete additions of Rs. 1,70,77,128/- as bogus sundry creditors due to differences in opening balances. The differences were deemed not relevant to the current assessment year, and legal precedents supported their deletion. The ITAT dismissed the revenue's appeal, affirming the Ld. CIT(A)'s order and referencing a similar decision by a Coordinate Bench. The appeal was dismissed on both grounds, and the judgment was pronounced on 1st September 2022. Case-Laws Income Tax Thu, 01 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427752