9911796707
TMI Blog2016 (12) TMI 1730X X X X Extracts X X X X X X X X Extracts X X X X ..... Addition on unconfirmed balance of sundry creditors - AR submitted that amount of creditors of ₹ 2914046/- have also been paid or write off by the appellant during FY 2009-10 and 2011-12 and has been offered to the income for taxation in those respective years. As submitted this details with the with the prayer for admission of additional evidence on such write back. He pleaded that for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (A) has erred in law and on facts and under the circumstances of the case by invoking section 269SS of the Income Tax Act, 1961. 2. The learned C!T (A) has erred in law and on facts by invoking the penalty proceedings under section 271D of the Income Tax Act, 1961. 3. The learned CIT (A) has erred in upholding the additions made by learned assessing officer to the extent of ₹ 29,14,046 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... relief of ₹ 2164518/- out of disallowance of ₹ 5078564/- made by the AO on account of unconfirmed balances of sundry creditors. 4. The ground No. 1 and 2 of the appeal are against the initiation of penalty proceedings u/s 269SS read with section 271D of the Act. Both these grounds are premature as mere initiation of penalty proceedings the assesse is not aggrieved, he will have th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rmed the addition and therefore the assesse is in appeal before us. 6. The ld AR submitted that amount of creditors of ₹ 2914046/- have also been paid or write off by the appellant during FY 2009-10 and 2011-12 and has been offered to the income for taxation in those respective years. He submitted this details with the with the prayer for admission of additional evidence on such write ba ..... X X X X Extracts X X X X X X X X Extracts X X X X
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