TOWNHOMES VILLAS AND APPARTMENTS PRIVATE LIMITED,ERNAKULAM vs. NATIONAL FACELESS ASSESSMENT CENTRE, DELHI
In the result, both the appeals filed by the assessee are allowed for statistical purposes
ITA 163/COCH/2024[2015-16]Status: DisposedITAT Cochin21 Oct 2024AY 2015-16
Bench: Shri Waseem Ahmed & Shri Soundararajan K.
For Appellant: Shri Mathew Joseph, CAFor Respondent: Shri Sanjit Kumar Das, CIT-DR
Section 271(1)(c)Section 69B
section 69B of the Income Tax Act, 1961 (the Act) on the Townhomes Villas and partments Pvt Ltd.
reasoning that the assessee was liable for making payment of Rs.6,65,00,000/- as per the agreementwhereas the assessee has paid only Rs.3,16,00,000/- only.
Accordingly, the AO was of the view that there is unaccounted payment made
