Held that the assessee had filed confirmation of balances obtained from creditors, furnished purchase registers, ledger accounts, names and addresses of all creditors. Addition was held to be not valid. (AY. 2012-13)
ACIT v. Lenskart Solution (P.) Ltd. (2022) 196 ITD 297 (Delhi) (Trib.)
S. 68 : Cash credits-Purchases-Shown as trade creditors-Confirmation was filed-Payments were made through banking channels-Addition is not valid.