Income Tax Authorities fails to discuss difference in Sundry Creditors before Confirming Addition u/s 41(1): ITAT remands Matter to AO [Read Order]

The assessee has filed necessary details of sundry creditors with reconciliation explaining the difference
ITAT - income tax - Income tax authorities - Sundry creditors - AO - TAXSCAN

The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Assessing Officer ( AO ) after noting that the Income Tax Authorities failed to discuss the difference in sundry creditors before confirming the addition under Section 41(1) Income Tax Act, 1961. The assessee Jonna Iron Mart is  a…

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