https://www.taxtmi.com/caselaws?id=459199 The ITAT PUNE allowed the assessee's appeal partly, reducing the addition under section 68 from the entire sundry creditors amount to 10% of total purchases. The assessee had died during proceedings and could not provide necessary documentation due to illness. The Revenue had verified only 8 out of total creditors but added the entire amount. Considering the assessee's death, business closure, and consistent 10% additions in other years, the ITAT restricted the addition to prevent multiplicity of proceedings rather than remanding to CIT(A) who had passed an ex-parte order. en-us Tue, 10 Apr 2018 00:00:00 +0530 Wed, 04 Dec 2024 21:50:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459199 The ITAT PUNE allowed the assessee's appeal partly, reducing the addition under section 68 from the entire sundry creditors amount to 10% of total purchases. The assessee had died during proceedings and could not provide necessary documentation due to illness. The Revenue had verified only 8 out of total creditors but added the entire amount. Considering the assessee's death, business closure, and consistent 10% additions in other years, the ITAT restricted the addition to prevent multiplicity of proceedings rather than remanding to CIT(A) who had passed an ex-parte order. Case-Laws Income Tax Tue, 10 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459199