TMI BlogAssessing Officer to Evaluate Genuineness of Sundry Creditors u/s 68 of Income Tax Act for Home-Based Craftsmen.Unexplained sundry creditors - genuineness of sundry creditors - small time karigars, doing job works of finishing and polishing from their homes - The AO was supposed and required to apply his mind to the issue and thereby considering the applicability of the provisions of section 68 of the Act..... - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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