https://www.taxtmi.com/caselaws?id=436431 The Tribunal condoned a 58-day delay in filing the appeal due to the appellant's Covid-19 circumstances. It upheld the CIT(A)'s decision to direct the Assessing Officer (A.O) to conduct further inquiries into the genuineness of sundry creditors' liabilities, totaling Rs.2,15,14,729/-, which were found to have discrepancies. The Tribunal agreed with the CIT(A) that Section 41(1) of the Income Tax Act, 1961, was not applicable as the liabilities were not written off. The appeal was dismissed, affirming the necessity for accurate liability verification and compliance with tax laws. en-us Thu, 09 Feb 2023 00:00:00 +0530 Fri, 01 Dec 2023 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436431 The Tribunal condoned a 58-day delay in filing the appeal due to the appellant's Covid-19 circumstances. It upheld the CIT(A)'s decision to direct the Assessing Officer (A.O) to conduct further inquiries into the genuineness of sundry creditors' liabilities, totaling Rs.2,15,14,729/-, which were found to have discrepancies. The Tribunal agreed with the CIT(A) that Section 41(1) of the Income Tax Act, 1961, was not applicable as the liabilities were not written off. The appeal was dismissed, affirming the necessity for accurate liability verification and compliance with tax laws. Case-Laws Income Tax Thu, 09 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436431