Income Tax Act Section 41(1) Enforced: Sundry Creditors' Outstanding Balances Confirmed Without Taxpayer's Explanation or Confirmation.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Addition u/s 41(1) - outstanding balances of sundry creditors and other liabilities - Unconfirmed bill, advance from customers and sundry creditors which are static creditors were there for which the assessee could not provide any confirmation or explanation - Additions confirmed - AT....