2015 (10) TMI 2758

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....: Shri R.A. Verma ORDER PER SHRI B.C. MEENA, AM These cross appeals filed by the assessee and revenue emanate from the order of the learned CIT(A), Bilaspur, camp at Bhopal, dated 2.1.2014. 2. The assessee is a private limited company and books of accounts are maintained and audited. During the assessment proceedings the Assessing Officer inquired about the sundry creditors and asked the asse....

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....n confirming a addition of Rs. 1074474/- towards unpaid sundry creditors treated as bogus by the A.O." ITA NO. 226/Ind/2014 "On the facts and in the circumstances of the case and in law, the CIT(A) has erred in restricting the addition to Rs. 10,73,727/- in place of the total addition of Rs. 34,22,380/- made by A.O. on account of sundry creditors." 3. After hearing both the sides, we find t....