https://www.taxtmi.com/caselaws?id=767333 ITAT Kolkata partially allowed the assessee's appeal regarding addition of sundry creditors treated as bogus. The tribunal found that notices returned unserved were insufficient grounds for disallowing liability claims, especially when both units were proprietary concerns with disclosed income. Some confirmations were received during proceedings. The tribunal directed deletion of Sarada Trading liability upon furnishing required evidence before AO. For remaining creditors of Rs. 14,51,991, the matter was remanded to AO for verification of payment mode and evidence, with directions to delete addition if satisfactory proof of payment is provided. en-us Wed, 12 Mar 2025 00:00:00 +0530 Sat, 15 Mar 2025 08:41:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767333 ITAT Kolkata partially allowed the assessee's appeal regarding addition of sundry creditors treated as bogus. The tribunal found that notices returned unserved were insufficient grounds for disallowing liability claims, especially when both units were proprietary concerns with disclosed income. Some confirmations were received during proceedings. The tribunal directed deletion of Sarada Trading liability upon furnishing required evidence before AO. For remaining creditors of Rs. 14,51,991, the matter was remanded to AO for verification of payment mode and evidence, with directions to delete addition if satisfactory proof of payment is provided. Case-Laws Income Tax Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767333