2025 (12) TMI 350

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....ssue is against the order of ld. CIT (A) restricting the addition to Rs. 14,54,029/- as against the addition made by the ld. AO of Rs. 89,89,366/- on account of difference between the sundry creditors as on 31.03.2013, vis-à-vis 31.03.2014. 3.1. The facts in brief are that the ld. AO during the course of assessment proceedings noted from the balance sheet of the assessee that total sundry creditors as on 31.03.2013, were Rs. 18,10,99,930/- as against the sundry creditors as on 31.03.2014, of Rs. 19,00,89,296/-. According to the ld. AO, the assessee was required to reconcile the same. However, the assessee could not explain the same. Finally, after issuing show cause notice to the assessee on 09.12.2016, an addition of Rs. 89,89,36....

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....ordingly, we set aside the order of ld. CIT (A) and direct the ld. AO to delete the addition. The first issue is allowed. 4. The second issue raised by the assessee is against the order of ld. CIT (A) partly allowing the appeal by restricting the addition to Rs. 65,94,494/- as against the total addition made by the ld. AO of Rs. 6,59,44,937/-, which was on account of difference between the amount shown in 26AS vis-à-vis the amount shown in ITR. 4.1. The facts in brief are that the ld. AO during the course of assessment proceedings, observed that the total receipts as per ITR were Rs. 18,86,22,487, whereas the amount appearing in form no. 26AS was Rs. 25,45,67,424/-. Accordingly, the ld. AO asked the assessee to reconcile the sa....