2013 (10) TMI 85

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....D. D. Chopra, Sidhath Dhaon For the Respondent : Amit Shukla, Surendra K. Garg   ORDER (Delivered by Hon'ble Dr. Satish Chadra J.) Present Appeal under Section 260-A of the Income Tax Act 1961 has been preferred by the Department against the judgment and order dated 30.12.2009 passed by the Income Tax Appellate Tribunal, Lucknow in I.T.A. No.876/Luc/2008 for the assessment year....

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...., the A.O. made the an addition. However, in first appeal, the CIT(A) has deleted the said addition. The Tribunal confirmed the same. Still not being satisfied, the department has filed the present appeal. With this backdrop, Sri Prashant Kumar learned counsel for the department submits that no proper evidence was given by the assessee to establish the genuineness of the said creditors. The Tri....

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....ch were rejected. Further, the learned counsel submits that the sundry creditors were in various categories who have supplied the Yarn to the assessee factory. All the purchase bills were reflected in the books of accounts. The payments were made by the cheque. In some categories, the payment of interest was made to the creditors and reflected in a separate interest account, which was verified ....

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....he payment was duly made by cheque against three bills sent by the weaver M/s Rajesh Textiles. All the entries are reflecting in the books of accounts. The last category was pertaining to the purchase of yarn and job work. The confirmations were received from the creditors in respect of the purchase of yarn. All the purchase vouchers were verified and the payments were made to sales agent by ch....