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

246), the assessee, a credit co-operative society, had repaid deposits to the tune of Rs.74,08,545/- in cash to various persons during the previous year relevant to the assessment year 1998-99. The Joint Commissioner issued a notice under section 274 read with section 271E of the Income-tax Act to the assessee. The assessee's submission

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