ITAT Restores ₹34.45 Cr Addition Case to AO for Verification of Creditor Liabilities

Ginni Filaments Ltd. Vs DCIT (ITAT Agra)

The Income Tax Appellate Tribunal (ITAT), Agra Bench, in the case of Ginni Filaments Ltd. Vs DCIT (Deputy Commissioner of Income Tax), decided to set aside the assessment and first appellate orders. The Tribunal did not rule on the merits of the addition but sent the matter back to the Assessing Officer (AO) for a fresh examination of a disputed outstanding trade payable liability of ₹34,45,60,149/-. This decision was primarily driven by the fact that the

Please become a Premium member. If you are already a Premium member, login here to access the full content.