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TMI Blog2019 (1) TMI 1398X X X X Extracts X X X X X X X X Extracts X X X X ..... ry creditors as income of the assessee and added to the total income returned. During the course of appellate proceedings, the assessee filed detailed schedules of outstanding sundry creditors as on 31.03.2014 in the books of accounts. The assessee also furnished detailed ledger extracts of all the sundry creditors as well as the copies of the civil suits filed by a large number of creditors for r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d against the order of the ld. Commissioner of Income Tax (Appeals) 8, Chennai dated 05.01.2018relevant to the assessment year 2014-15. The only effective ground raised in the appeal of the Revenue is that the ld. CIT(A) has erred in deleting the addition made under section 41(1) of the Income Tax Act, 1961 [ Act in short] of ₹.3,53,37,996/- by accepting fresh evidence such as detailed ledg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng the submissions of the assessee, detailed ledger extracts of all the sundry creditors, etc., the ld. CIT(A) deleted the addition made under section 41(1) of the Act. 4. Aggrieved, the Revenue is in appeal before the Tribunal. The ld. DR has submitted that by considering fresh material evidences, the ld. CIT(A)deleted the addition without giving an opportunity of being heard to the Assessing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng the course of appellate proceedings, the assessee filed detailed schedules of outstanding sundry creditors as on 31.03.2014 in the books of accounts. The assessee also furnished detailed ledger extracts of all the sundry creditors as well as the copies of the civil suits filed by a large number of creditors for recovery of their dues from the assessee company. By considering the above details f ..... X X X X Extracts X X X X X X X X Extracts X X X X
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