2019 (3) TMI 683

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....al Singh, CA ORDER PER BEENA A PILLAI, JUDICIAL MEMBER Present appeal has been filed by revenue against order dated 24/02/15 passed by Ld. CIT (A)-4, New Delhi on following grounds of appeal: 1. "Whether on the facts and circumstances of the case and in law, the Ld. CIT(A) has erred in deleting the addition of Rs. 2,08,00,000/- u/s 41(1), made on account of non verification of st....

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....00/- has been shown as sundry creditors, as on 31/03/11. He also observed that identical sum was also shown as on 31/03/10. Ld.AO accordingly called for details of sundry creditor as on 31/03/10, 31/03/11, 31/03/12 and 31/03/13 in order to verify as to whether it is a case of static liability. In response to query raised, assessee submitted that the sum is shown as on 31/03/10, 31/03/11, 31/03/12 ....

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....see to prove that it is not a case of remission or cessation of liability and assessee has not been able to discharge its onus with any supporting document or proof. 7. On the contrary, Ld.AR submitted that confirmation dated 22/01/14 issued by M/s Hero Motors Ltd. showed that, these advances were to assessee, which was filed before Ld.CIT (A), and is placed in paper book before us at pages 6. ....