The assessee had filed confirmations from all three sundry creditors, which had been acknowledged by the Assessing Officer in his assessment order. The assessee had discharged its primary onus. Addition is deleted. (AY. 2015-16)
Golden Moment P. Ltd. v. ACIT (2024) 115 ITR 87 (SN)/(2025) 210 ITD 484 (Delhi)(Trib)
S. 41(1) : Profits chargeable to tax-Remission or cessation of trading liability-Sundry creditors-Summons issued through Inspector is unserved-No party existing at address provided-Confirmation filed-Amounts shown as outstanding in the balance sheet-Addition is deleted. [S.133(6)]