Addition cannot be justified u/s 68 merely because creditors were not produced before AO

Brief Facts and Question of Law:

Brief Facts of the Assessee:

The Assessee was engaged in the manufacturing of readymade garments and export to foreign countries. The Assessee had filed the Income Tax Return, declaring an income of Rs. 11,82,236/- which was processed u/s 143(1) of the Income Tax Act, 1961 (hereinafter referred to as “the Act”). When the case was selected for scrutiny, the Assessing Officer (hereinafter referred to as “the

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