https://www.taxtmi.com/caselaws?id=305292 The ITAT allowed the appeal, ruling in favor of the assessee. The addition of bogus sundry creditors was deleted as the ITAT found them genuine, outstanding due to disputes, and confirmed under section 133(6) of the Income Tax Act. Regarding the addition of interest on a loan to a sister concern and business transactions, the ITAT considered commercial expediency, following a Supreme Court precedent, and allowed the claim, deleting the addition. The order was pronounced on January 30, 2014. en-us Thu, 30 Jan 2014 00:00:00 +0530 Sun, 27 Nov 2022 20:36:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305292 The ITAT allowed the appeal, ruling in favor of the assessee. The addition of bogus sundry creditors was deleted as the ITAT found them genuine, outstanding due to disputes, and confirmed under section 133(6) of the Income Tax Act. Regarding the addition of interest on a loan to a sister concern and business transactions, the ITAT considered commercial expediency, following a Supreme Court precedent, and allowed the claim, deleting the addition. The order was pronounced on January 30, 2014. Case-Laws Income Tax Thu, 30 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305292