2014 (6) TMI 1038

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....R. ORDER PER HARI OM MARATHA, J.M This appeal by the department is directed against the order dated 28/02/2013 of the ld. CIT(A), Udaipur for A.Y. 2009-10. 2. The following grounds have been raised in this appeal: "On the facts and in the present circumstances of the case, the Ld. CIT(A) has erred in: 1. deleting the addition of Rs. 1,13,30,726/- made on account of bo....

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....gs, while examining the balance sheet filed by the assessee, as on 31.3.2009, it was noticed that sundry creditors to the tune of Rs. 1,61,16,095/- have been shown as under: SUNDRY CREDITORS AMOUNT Agarwal B.T. Sons 250000 Heera Lal 78790 HI-Tech Earth Movers 4163799 J.J. Engineers 75529 JRC Construction 303500 Madan Ram 51760 Mahipal Ram 2344409 ....

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....horities whereas notice to others was served and they filed their confirmations. Consequently, the A.O. has treated the following sundry creditors as not explained: Heera Lal 78790 JRC Construction 303500 Madan Ram 51760 Mahipal Ram 2344409 Man Singh 1080650 Mohd. Bhai Contractor 790775 Nasir Bhai Contractor 758763 Nathu Lal 432670 Pradeep Kumar ....

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.... r s3,15,09,837/- which also included this amount of trade creditors of Rs. 1,13,30,726/-. The revenue is now aggrieved and has come in appeal. 4. We have heard the rival submissions and have carefully perused the entire material on record. Both the parties have reiterated their stand which was taken before the ld. CIT(A). We are in agreement with the ld. CIT(A) who has found that in fact, the ....