3 results for “disallowance”+ Section 138clear
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Bench: : Shri S. Rifaur Rahman & Shri Sunil Kumar Singhassessment Year: 2020-21
138 out of 257 sundry creditors, above Rs. 1 lakh as on 31.03.2020 were only submitted and the ledgers of remaining parties were also not submitted. Learned Assessing Officer, accordingly, disallowed the aforesaid liability and added Rs.34,45,60,149/- in the income of the assessee u/s. 41(1) of the Act. 3. Aggrieved assessee preferred an appeal before learned