2017 (5) TMI 1584

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.... the Respondent : Mr. Vishal Mohan, Advocate. Sanjay Karol, J (oral) It is the common case of the parties, as is also evident from the impugned order(Annexure P-A), dated 21.10.2015, passed in ITA Nos. 133/CHD/2010 & 463/CHD/2011 by the Income Tax Appellate Tribunal Division Bench, Chandigarh, that the Tribunal did not discuss the evidence while examining the credit worthiness of the creditors a....

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....y has to be adjudicated by the fact finding authorities. 3. Noticeably, in the instant case, which fact is also not in dispute that out of 64 creditors, notices never came to be issued to 11 creditors. Quite apparently, learned Tribunal without discussing the evidence, if any, placed on record by the assessee with regard to the creditworthiness and genuineness of the transactions, proceeded to ho....