Confirmation from creditors not containing PAN cannot be reason for addition: ITAT Bangalore

Advertisement Sha Thanmal Sukhraj Jain & Co. Vs ITO (ITAT Bangalore) ITAT Bangalore held that confirmation not containing PAN cannot be reason for addition as the confirmations were available with the AO and if he had any doubt regarding he could have again verified with the creditors. Addition in respect of creditors deleted. Facts- The case of the assessee was selected for scrutiny and statutory notices issued to the assessee. During the course of assessment proceedings, the AO on verification of sundry creditors called the assessee to furnish the names and address of sundry creditors...