2 results for “disallowance”+ Section 108clear
Sorted by relevance
Bench: Shri J.Sudhakar Reddy & Shri S.S.Godara
disallowing sundry creditors u/s 41(1) of the Act. The issue raised by the appellant is, whether the credit purchases can be added under section 41(1) of the Income Tax Act, 1961 when all the purchases have been accepted as genuine and all the creditors stood in the books of accounts of the appellant. As regards applicability of provisions