Addition u/s 41(1) - additions towards sundry creditors as bogus ...

CIT(A) Overrules AO: Deletions of Bogus Sundry Creditors u/s 41(1) Upheld Due to Consistent Balances.

February 18, 2021

Case Laws Income Tax AT

Addition u/s 41(1) - additions towards sundry creditors as bogus - AO made the disallowance in question holding that the assessee had made payments in cash to 24 parties. However, the Ld. CIT (A) noted that the opening and closing balance of most of the parties remained unchanged - Order of CIT(A) deleting the additions sustained - AT

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Addition u/s 41(1) - additions towards sundry creditors as bogus ...

CIT(A) Overrules AO: Deletions of Bogus Sundry Creditors u/s 41(1) Upheld Due to Consistent Balances.

February 18, 2021

Case Laws Income Tax AT

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