2010 (1) TMI 1164

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..... n of law has been framed : Whether on the facts and circumstances of the case, the Hon'ble Tribunal was correct in law in directing the Assessing Officer to delete the addition of ₹ 57,53,250/( actual addition in AO is ₹ 53,57,796/) on the grounds that the said addition falls outside the scope of Section 158BC of the Income Tax Act, 1961? 2. Briefly stated, block assessm .....

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..... see which were filed together with the returns of the income for various years, certain sundry creditors were being carried forward for a number of years. Since the assessee had filed confirmatory letters only for a few cases, the assessing officer recorded that there were bogus sundry creditors in the list. This came to be deleted by the CIT (Appeals) who accepted the contention of the assessee t .....

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