In the result, the appeal stand dismissed
Bench: Hon’Ble Shri V. Durga Rao, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.321/Chny/2022 (िनधा"रण वष" / Assessment Year: 2012-13) Dcit M/S. Om Shakthy Agencies (Madras) Pvt.Ltd. बनाम/ Central Circle-3(1) T-64, Sidco Industrial Estate, Vs. Chennai. Guindy, Chennai-600 032. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaaco-3722-E (अपीलाथ"/Appellant) : (!"थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri R. Clement Ramesh Kumar (Cit)-Ld. Dr !"थ"कीओरसे/Respondent By : Shri K.R. Vasudevan (Advocate)-Ld.Ar सुनवाईकीतारीख/Date Of Hearing : 10-08-2023 घोषणाकीतारीख /Date Of Pronouncement : 23-08-2023 आदेश / O R D E R
transfer the consolidated land to the corporate customers. In the above background, the assessee submitted that its relationship with corporate customers was that of principal and agent. The assessee gets agreed price from big companies for the purchase of land through cheques only. Therefore, there was no scope for any suppression of receipts. All these receipts where through cheques