https://www.taxtmi.com/caselaws?id=463740 ITAT held that additions for alleged fictitious sundry debtors could not be sustained and were deleted, since audited books and undisputed sales/purchases undermined the addition. Additions relating to certain unconfirmed creditors likewise could not be upheld on the CIT(A)'s reasoning, but the issue was remitted to the AO for fresh verification of trade balances and supporting particulars. The claim for deduction under section 80IB was also remitted to the AO for fresh consideration in accordance with law, noting the assessee's audit report and registration evidence. en-us Fri, 27 Apr 2018 00:00:00 +0530 Sat, 13 Sep 2025 19:35:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463740 ITAT held that additions for alleged fictitious sundry debtors could not be sustained and were deleted, since audited books and undisputed sales/purchases undermined the addition. Additions relating to certain unconfirmed creditors likewise could not be upheld on the CIT(A)'s reasoning, but the issue was remitted to the AO for fresh verification of trade balances and supporting particulars. The claim for deduction under section 80IB was also remitted to the AO for fresh consideration in accordance with law, noting the assessee's audit report and registration evidence. Case-Laws Income Tax Fri, 27 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463740