Addition made of the closing balance of the sundry creditors - ...

Outstanding Sundry Creditors Acknowledged in Subsequent Year; No Doubt on Balance Genuineness.

October 28, 2015

Case Laws Income Tax AT

Addition made of the closing balance of the sundry creditors - when the purchases from the parties were accepted and the sales made out of those purchases were not doubted, the payments outstanding in the name of those parties were accepted in the subsequent year than there was no reason to doubt the genuineness of the outstanding balance - AT

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Addition made of the closing balance of the sundry creditors - ...

Outstanding Sundry Creditors Acknowledged in Subsequent Year; No Doubt on Balance Genuineness.

October 28, 2015

Case Laws Income Tax AT

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