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Income Tax - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

Addition made on account of sundry creditors - AO of the ...


Assessing Officer's Initial Acceptance Overturned; Additions to Account Deleted After Reconciliation Statement Rejection.

January 31, 2018

Case Laws     Income Tax     AT

Addition made on account of sundry creditors - AO of the assessee had accepted the statement of account of that supplier as sacrosanct and proceeded to make addition in the hands of the assessee by disbelieving the reconciliation statement and explanation given by the assessee - additions deleted - AT

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