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TMI Blog2009 (9) TMI 976X X X X Extracts X X X X X X X X Extracts X X X X ..... <![endif]--><!--[if gte mso 10]> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0cm; line-height:115%; mso-pagination:widow-orpha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erified creditors and also not granting deduction u/s 80HHC thereon. 2.2 The facts, in brief, are that original assessment has completed u/s 143(1). Subsequently, notice u/s 148 was served on assessee on 29.03.2006. During the course of re-assessment proceedings, the Assessing Officer required the assessee to file details/confirmatory letters from the sundry creditors. The assessee failed to furnish the confirmatory letters. The Assessing Officer also noted that the confirmatory letters had also not been filed before the tax auditor, hence, the Assessing Officer made an addition of ₹ 14.89,000/- in the accounts of following three creditors for the amount of addition in such account in the year under consideration:- Vide order sheet ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion exercise was done after 8 years from the date of transactions. At this stage, it was pointed out to him that these transactions took place in financial year 2000-01 and from the schedule of sundry creditors annexed to the balance sheet at page 25 (the paper book). It was noted that the assessee was having larger transactions from these parties because the outstanding balance was much more the amount of addition made by the assessee. The learned counsel could not give any satisfactory reply to this query. However, he continued to stress on the fact that due to time gap, the notices u/s 133(vi) could not be served on the address available with the assessee. He further contended that in any case, these creditors were in connection with the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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