2015 (3) TMI 807

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.... Justice M. R. Shah) (1.0) Feeling aggrieved and dissatisfied with the impugned judgment and order passed by the learned Income Tax Appellate Tribunal, Ahmedabad (hereinafter referred to as 'the tribunal') dated 20/06/2014 in ITA No.35/Ahd/2011 for the Assessment Year 2007-08 by which the learned tribunal has allowed the said Appeal preferred by the assessee and has deleted the addition of Rs. ....

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.... also duly served upon the assessee. (2.1) During the course of the assessment proceedings, on verification of the books of accounts and the details submitted by the assessee it was noticed by the Assessing Officer that the assessee had shown sundry creditors in the balance sheet amounting to Rs. 31,92,758/-. The assessee was then requested to furnish contra confirmation alongwith the I.D. Proo....

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....ndry creditors shown by him in the balance sheet should not be added in the total income treating the same as bogus liability under Section 41(1) of the Act. Thereafter, the Assessing Officer finalized the return and made the addition of Rs. 31,82,258/- under Section 41(1) of the Act; Rs. 13,51,347/- was claimed towards unpaid salary, unpaid tyre and tube expenses, unpaid vehicle expenses and unpa....

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....ions made by the Assessing Officer of Rs. 31,82,258/- under Section 41(1) of the Act. (2.5) Feeling aggrieved and dissatisfied with the impugned judgment and order passed by the learned tribunal in deleting the additions made under Section 41(1) of the Act, the revenue has preferred the present Tax Appeal with the aforesaid proposed question of law. (3.0) We have heard Ms. Mauna Bhatt, learn....