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

156 of the Paper Book, submitted before CIT (A). It is not in dispute that the assessee has accepted moneys in cash from its sister concerns or repaid the same in cash. Many of them are partnership firms and one of them is a limited company. It is also not in dispute that the managing partner of the assessee firm

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