https://www.taxtmi.com/caselaws?id=57780 The Tribunal upheld the CIT(A)'s decision to delete the addition of sundry trade creditors made by the AO. It found that the Revenue's appeal lacked merit as the AO failed to consider the evidence from account books, bank records, and bills with the assessee. The Tribunal noted that the assessee maintained complete books of account and paid all creditors through account payee cheques, while discrepancies in balances were due to weavers not maintaining regular books of accounts. The appeal was dismissed, affirming the CIT(A)'s order in favor of the respondent-assessee. en-us Tue, 25 Sep 2001 00:00:00 +0530 Mon, 13 Dec 2010 14:05:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57780 The Tribunal upheld the CIT(A)'s decision to delete the addition of sundry trade creditors made by the AO. It found that the Revenue's appeal lacked merit as the AO failed to consider the evidence from account books, bank records, and bills with the assessee. The Tribunal noted that the assessee maintained complete books of account and paid all creditors through account payee cheques, while discrepancies in balances were due to weavers not maintaining regular books of accounts. The appeal was dismissed, affirming the CIT(A)'s order in favor of the respondent-assessee. Case-Laws Income Tax Tue, 25 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57780