DCIT CENTRAL CIRCLE-2, BHUBANESWAR vs. M/S. HOTEL SUKHAMAYA PVT. LTD, BHUBANESWAR

In the result, all the three appeals of the Revenue are dismissed

269 of the Income Tax Act and explanation (iii) to the said section is as under: "Any loan or deposit of money which is repayable after notice or repayable after a period and case of a person other than the company includes loan or deposit of any nature The loose cash payment vouchers seized from the premises of RKDCPL

DCIT CENTRAL CIRCLE-2, BHUBANESWAR vs. M/S. HOTEL SUKHAMAYA PVT. LTD, BHUBANESWAR

In the result, all the three appeals of the Revenue are dismissed