2019 (1) TMI 1398

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....ar, Addl. CIT For the Respondent : None ORDER PER DUVVURU RL REDDY, JUDICIAL MEMBER: This appeal filed by the Revenue is directed against the order of the ld. Commissioner of Income Tax (Appeals) 8, Chennai dated 05.01.2018relevant to the assessment year 2014-15. The only effective ground raised in the appeal of the Revenue is that the ld. CIT(A) has erred in deleting the addition made....

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....ile complete details of the sundry creditors. 3. The assessee carried the matter in appeal before the ld. CIT(A). After considering the submissions of the assessee, detailed ledger extracts of all the sundry creditors, etc., the ld. CIT(A) deleted the addition made under section 41(1) of the Act. 4. Aggrieved, the Revenue is in appeal before the Tribunal. The ld. DR has submitted that by con....

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....Therefore, the Assessing Officer treated the sundry creditors as income of the assessee and added to the total income returned. During the course of appellate proceedings, the assessee filed detailed schedules of outstanding sundry creditors as on 31.03.2014 in the books of accounts. The assessee also furnished detailed ledger extracts of all the sundry creditors as well as the copies of the civil....