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TMI Blog2024 (10) TMI 1626X X X X Extracts X X X X X X X X Extracts X X X X ..... as duly submitted relevant proves like copy of account, copy of the bills, confirmations, proof of payment and VAT return and held that the Assessing Officer in his remand report has accepted the genuinenity of the transactions, therefore, no addition can be made out of the outstanding balances. HELD THAT:- Since the remand report has categorically accepted by the genuinenity of the sundry credito ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g the addition on account of unexplained cash credits of Rs. 2,14,53,435/- made u/s 68 of the Act, considering that, the same are genuine. The Ld. CIT(A) didn t appreciate the facts that, assessee failed to furnish the supporting evidences before Assessing Officer. 2. In the facts and on the circumstances of the case and in law, the Ld. CIT(A) ought to have upheld the order of the AO. 3. In this c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsactions, therefore, no addition can be made out of the outstanding balances. 5. Having gone through the record before us and also keeping in view the fact that nothing adverse has been brought to our notice and since the remand report has categorically accepted by the genuinenity of the sundry creditors we hold that no addition can be made on the difference in the sundry creditors as alleged by ..... X X X X Extracts X X X X X X X X Extracts X X X X
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