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TMI Blog2016 (12) TMI 1730X X X X Extracts X X X X X X X X Extracts X X X X ..... DR O R D E R PER PRASHANT MAHARISHI, A. M. 1. These are the cross appeals filed by the parties against the order of the ld CIT(A)-XVI, New Delhi dated 12.01.2011 for the Assessment Year 2007-08. 2. The assesse has raised the following grounds of appeal:- "1. The learned C1T (A) has erred in law and on facts and under the circumstances of the case by invoking section 269SS of the Incom ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the case and in law the ld CIT(A) has erred in disallowance of Rs. 64,22,436/- made by the AO by invoking the provisions of Section 40A(2)(b) of the Act, 1961. 2. That on the facts and circumstances of the case and in law the ld CIT(A) has erred in allowing a relief of Rs. 2164518/- out of disallowance of Rs. 5078564/- made by the AO on account of unconfirmed balances of sundry creditors. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Ltd of Dubai. The same outstanding of that party was Rs. 2489429/- and therefore in absence of complete postal address and confirmation the addition of Rs. 2914046/- was made. The above addition was contested before the ld CIT(A) who confirmed the addition and therefore the assesse is in appeal before us. 6. The ld AR submitted that amount of creditors of Rs. 2914046/- have also been paid or wri ..... X X X X Extracts X X X X X X X X Extracts X X X X
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