https://www.taxtmi.com/caselaws?id=439356 The appellant challenged the assessment order passed under sections 143(3) and 144 of the Income Tax Act, arguing against the addition of sundry creditors. The ITAT found the addition lacked proper evidence and allowed the appeal. The appellant provided substantial evidence supporting the transactions, leading to the deletion of Rs. 2,44,85,512. The ITAT ruled in favor of the appellant regarding other additions, directing the deletion of Rs. 11,81,755 and Rs. 1,38,580. The appeal was partly allowed as the ITAT found no justification for sustaining these additions when creditors had confirmed transactions. en-us Tue, 20 Jun 2023 00:00:00 +0530 Thu, 22 Jun 2023 09:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439356 The appellant challenged the assessment order passed under sections 143(3) and 144 of the Income Tax Act, arguing against the addition of sundry creditors. The ITAT found the addition lacked proper evidence and allowed the appeal. The appellant provided substantial evidence supporting the transactions, leading to the deletion of Rs. 2,44,85,512. The ITAT ruled in favor of the appellant regarding other additions, directing the deletion of Rs. 11,81,755 and Rs. 1,38,580. The appeal was partly allowed as the ITAT found no justification for sustaining these additions when creditors had confirmed transactions. Case-Laws Income Tax Tue, 20 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439356