Gera Developments Pvt. Ltd., Pune vs. Commissioner of Income-Tax (Appeals) -1
In the result, appeal of the Revenue is dismissed
ITA 1609/PUN/2014[2005-06]Status: DisposedITAT Pune01 Jun 2018AY 2005-06
Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं. / Ita No. 597/Pun/2013 िनधा"रण वष" / Assessment Year : 2005-06
For Appellant: Shri Nilesh Khandelwal & Shri Rajiv ThakkarFor Respondent: Shri Ajay Modi, JCIT
Section 133ASection 154Section 69
…M) 5. ACIT Vs. Maersk Global Service Centre India Pvt. Ltd. 141 ITR 541 (Mum. Trib.) 6. ACIT Vs. Prakash I Shah 115 ITD 167 (Mum. Trib.) 7. ACIT Vs. Tech Books Electronics Pvt. Ltd. 176 ITJ 20 (Delhi.Trib.) 8. Travel Security Services India Pvt. Ltd. Vs. DCIT 186 TTJ 644 (Delhi Trib.) 9. Mckinsey Knowledge Centre Pvt. Ltd. Vs. DCIT 183 TTJ 553 (Delhi Trib.) In fact, this issue is raised by the Ld. DR for the first time before the Tribunal. Ld.DR is of the opinion that the undisclosed cash payments attracts the provisions of section 40A(3) of the Act. E. Further, assessee submitted that, even if the ground rais…