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TMI Blog2017 (5) TMI 1585X X X X Extracts X X X X X X X X Extracts X X X X ..... 277.01 lacs and odd shown towards sundry creditors could not be verified by Assessee by producing relevant documents, Tribunal has rightly allowed addition thereof and its finding of fact which is not shown to be perverse or contrary to record, in our view, would not give rise to any substantial question of law. - Income Tax Appeal No. 67 of 2016 - - - Dated:- 11-5-2017 - Sudhir Agarwal And Vir ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by Assessing Officer but Commissioner of Income Tax, Lucknow (hereinafter referred to as, 'CITA') deleted aforesaid addition, which has been reversed by Tribunal restoring order of Assessing Authority. 4. He contended that in previous year on 31.03.2010 sundry creditors' amount was shown as ₹ 2,20,87,655/. Assessing Officer required the names, addresses and copies of accounts ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he liability is increasing and the payments are made in cash on various dates without giving the names as to whom the payment is made. The credits are with the narration, purchase of contract materials, labour and wages etc. and the debit is by mentioning narration such as cash or Bank of Baroda (CC). It may be that the payments in the present year of ₹ 1519.70 lacs has liquidated the entire ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mounts in the account with the nomenclature Creditors for material and labour etc. as per copy available on pages 47 to 64 of the paper book does not establish the contention that there are creditors for goods and/ or expenses particularly in the absence of name and address of the said creditors. Hence, we reverse the order of CIT(A) on this issue and restore that of the A.O. Accordingly, ground ..... X X X X Extracts X X X X X X X X Extracts X X X X
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