https://www.taxtmi.com/caselaws?id=772508 ITAT Delhi remanded the matter to AO after finding CIT(A) erred in deleting addition u/s 68 for unverified creditors. The tribunal held that CIT(A) improperly accepted assessee's claim that all creditor dues were paid without verifying bank statements or obtaining creditor confirmations. ITAT directed AO to provide adequate opportunity for assessee to produce remaining unverified creditors and their confirmations, while requiring proper enquiry into genuineness of transactions with tangible evidence of repayments. Revenue's appeal was partly allowed with specific directions for fresh assessment proceedings. en-us Fri, 25 Apr 2025 00:00:00 +0530 Tue, 10 Jun 2025 08:43:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772508 ITAT Delhi remanded the matter to AO after finding CIT(A) erred in deleting addition u/s 68 for unverified creditors. The tribunal held that CIT(A) improperly accepted assessee's claim that all creditor dues were paid without verifying bank statements or obtaining creditor confirmations. ITAT directed AO to provide adequate opportunity for assessee to produce remaining unverified creditors and their confirmations, while requiring proper enquiry into genuineness of transactions with tangible evidence of repayments. Revenue's appeal was partly allowed with specific directions for fresh assessment proceedings. Case-Laws Income Tax Fri, 25 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772508