Bench: S/Shri Chandra Poojari, Am & George George K., Jm

e). The Assessing Officer made addition to total income at Rs 40,23,407/- as the previous years accumulated profits wass Rs 57,83,680/-. Under the head Sundry creditors, the balances from the following are: Basanth Impex : 16169669 Shyam International : 78815886 Vani Exporters : 48103927 Therefore these balances were added to the total income as unexplained income and addition