2024 (2) TMI 408 - SCH - Income Tax

Unverifiable sundry Creditors - Disallowances of 25% of total bogus creditors - As decided by HC 2018 (2) TMI 1876 - GUJARAT HIGH COURT CIT(Appeals) and Tribunal correctly limited the additions to 25% - HELD THAT - We are not inclined to interfere with the impugned judgment and order passed by the High Court. Hence, the Special Leave Petition is dismissed.

Summary

Title: Supreme Court Judgment - Citation: 2024 (2) TMI 408 - SC Order

Judges: HON'BLE MR. JUSTICE PAMIDIGHANTAM SRI NARASIMHA and HON'BLE MR. JUSTICE ARAVIND KUMAR

Representation:
- Petitioner: Mr. N Venkatraman, A.S.G. and others
- Respondent: Mr. Tushar Hemani, Sr. Adv. and others

Decision:
- The Court declines to interfere with the High Court's judgment.
- Special Leave Petition is dismissed.
- Pending application(s) will be disposed of.