Held that when the assessee has produced confirmation, financial statements and bank statements of creditors. Addition is held to be not justified. (AY. 2009-10)
K.P. Manish Global Ingredients (P.) Ltd. v. (2021) 191 ITD 548 / 212 TTJ 375 / 203 DTR 1 /(2022) 96 ITR 657 (Chennai)(Trib.)
S. 68 : Cash credits-Unsecured loan-Confirmation, financial statements and bank statements of creditors were produced-Addition is held to be not justified.