M/S. RITHWIK RK JOINT VENTURE,HYDERABAD vs. PRINCIPAL COMMISSIONER OF INCOME TAX, ALLAHABAD

In the result, both the appeals of the assessee are partly allowed

Bench: Shri.Vijay Pal Rao & Shri Ramit Kochar

TDS which is a matter of record. Further, the various issues raised by the Pr. CIT at the time of issuing the show cause notice were duly explained and are reconciled by the assessee as there is no discrepancy either in the actual receipts or receipts in the balance sheet in comparison to the receipts reflected in the bank account

M/S RITHWIK RK JOINT VENTURE vs. PR. CIT, ALLAHABAD

In the result, both the appeals of the assessee are partly allowed