Bogus sundry creditors - Assessee has provided details of the ...

Authorities Failed to Verify Genuineness of Sundry Creditors After Assessee Disclosed Necessary Details, Highlighting Procedural Lapse.

October 27, 2020

Case Laws Income Tax AT

Bogus sundry creditors - Assessee has provided details of the creditors, which should have been examined by both the authorities below but they did not do so for proving the genuineness of the creditors. As per our considered opinion, the assessee discharged his liability as cast upon him and now the duty shifted on the revenue authorities for the verification of the genuineness of the creditors, which are lack in this case. - AT

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Bogus sundry creditors - Assessee has provided details of the ...

Authorities Failed to Verify Genuineness of Sundry Creditors After Assessee Disclosed Necessary Details, Highlighting Procedural Lapse.

October 27, 2020

Case Laws Income Tax AT

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