REENA VERMA,HARIDWAR vs. ITO, WARD-1(3)(5), ROORKEE

In the result, the appeal of the assessee stands partly allowed as above

Bench: Shri Vikas Awasthy & Shri Avdhesh Kumar Mishra

68,600/- being licence fees paid to the excise department. The issue before the AO was the availability of a source for this payment. The AO has mentioned that no capital was available with the assessee 10 make this payment. However, it must be mentioned that an addition of Rs.11 lacs was made

DCIT, RISHIKESH vs. M/S UTTRANCHAL IRON & ISPAT LTD.,, KOTDWAR