https://www.taxtmi.com/caselaws?id=438552 The Revenue appealed against the CIT(A) order concerning outstanding credits from public sector undertakings under section 143(3) of the Income Tax Act, 1961. Despite the assessee's failure to appear for the hearing, the CIT(A) admitted additional evidence and found the reconciliation of accounts satisfactory, leading to the deletion of additions on account of sundry creditors. As the parties involved were public sector undertakings, the appeal by the Revenue was dismissed. The judgment was delivered on 1st June 2023. en-us Thu, 01 Jun 2023 00:00:00 +0530 Sat, 03 Jun 2023 08:55:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438552 The Revenue appealed against the CIT(A) order concerning outstanding credits from public sector undertakings under section 143(3) of the Income Tax Act, 1961. Despite the assessee's failure to appear for the hearing, the CIT(A) admitted additional evidence and found the reconciliation of accounts satisfactory, leading to the deletion of additions on account of sundry creditors. As the parties involved were public sector undertakings, the appeal by the Revenue was dismissed. The judgment was delivered on 1st June 2023. Case-Laws Income Tax Thu, 01 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438552