2010 (1) TMI 1164

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....abhu ORDER 1. In the appeal filed by the Revenue the following question of law has been framed : "Whether on the facts and circumstances of the case, the Hon'ble Tribunal was correct in law in directing the Assessing Officer to delete the addition of Rs. 57,53,250/( actual addition in AO is Rs. 53,57,796/) on the grounds that the said addition falls outside the scope of Section ....

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....assessing officer, on a verification of the balance sheets of the assessee which were filed together with the returns of the income for various years, certain sundry creditors were being carried forward for a number of years. Since the assessee had filed confirmatory letters only for a few cases, the assessing officer recorded that there were bogus sundry creditors in the list. This came to be del....