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Ground raised are that on the facts and in the circumstances of thecaseand in law, the Ld. CIT(A) has erred in deleting the addition of Rs. 2,02,59,880/- on account of unexplained sundry creditors despite the fact that the assessee failed to discharge the onus placed upon him u/s 68 of the I.T. Act, 1961.

Shanti Prime Publication Pvt. Ltd.

Sec. 153A of Income Tax Act, 1961— Assessment — Main contention of the assessee is that no incriminating material was seized during the course of search with regard to sundry creditors, therefore, no addition can be made in an unabated assessment in absence of any incriminating material seized as a result of search - ASSTT. CIT V/s SRI KAMAL BHUSHAN - [2020] 28 ITCD Online 075 (ITAT-RANCHI)

Ground raised are that on the facts and in the circumstances of thecaseand in law, the Ld. CIT(A) has erred in deleting the addition of Rs. 2,02,59,880/- on account of unexplained sundry creditors despite the fact that the assessee failed to discharge the onus placed upon him u/s 68 of the I.T. Act, 1961.

Shanti Prime Publication Pvt. Ltd.

Sec. 153A of Income Tax Act, 1961— Assessment — Main contention of the assessee is that no incriminating material was seized during the course of search with regard to sundry creditors, therefore, no addition can be made in an unabated assessment in absence of any incriminating material seized as a result of search - ASSTT. CIT V/s SRI KAMAL BHUSHAN - [2020] 28 ITCD Online 075 (ITAT-RANCHI)

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