As regards difference in partners capital account, matter is remanded to the AO for verification. As regards sundry creditors, the assessee has filed the confirmation hence no addition can be made. Tribunal held merely on the basis of report of the inspector addition cannot be made in respect of investment in project. (AY. 2013-14)
DCIT v. D.S. Developers (2024) 230 TTJ 25 / 238 DTR 369 / 38 NYPTTJ 141 (Jodhpur)(Trib)
S. 68 : Cash credits-Capital account-Partner-Difference-Matter remanded to the AO for verification-Sundry creditors-Filed confirmation-Addition is deleted-Unexplained investment-Project-Merely on the basis of report of the inspector addition cannot be made. [S. 69]