ITAT Ranchi

Addition for sundry creditors without rejecting purchase are not sustainable

M/s. Gulf Steel & Minerals Vs ITO (ITAT Ranchi)

M/s. Gulf Steel & Minerals Vs ITO (ITAT Ranchi) The AO is wrong in making the impugned addition on account of sundry creditor, which are related to purchases and the same also accepted by the AO as genuine. Without rejecting the purchases, the sundry creditors cannot be treated as income of assessee  Therefore, addition made by [&he...

Read More

Browse All Categories

CA, CS, CMA (3,887)
Company Law (4,097)
Custom Duty (7,090)
DGFT (3,768)
Excise Duty (4,163)
Fema / RBI (3,536)
Finance (3,745)
Income Tax (28,252)
SEBI (2,961)
Service Tax (3,408)