DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

disallowance is primarily based on: A statement recorded under Section 132(4) during search; and An inference that payments made through banking channels were allegedly returned in cash. The Assessee respectfully submits that: The statement was retracted before the Assessing Officer; The retraction was supported by documentary evidence; The addition is unsupported by corroborative material. I. Retraction of Statement – Legal

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT, CENTRAL CIRCLE-05, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

disallowance is primarily based on: ➤ A statement recorded under Section 132(4) during search; and ➤ An inference that payments made through banking channels were allegedly returned in cash. The Assessee respectfully submits that: ➤ The statement was retracted before the Assessing Officer; ➤ The retraction was supported by documentary evidence; ➤ The addition is unsupported by corroborative material. I. Retraction of Statement – Legal

VESTIGE MARKETING PVT LTD,NEW DELHI vs. DCIT, CENTRAL CIRCLE- 05, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

disallowance is primarily based on: A statement recorded under Section 132(4) during search; and An inference that payments made through banking channels were allegedly returned in cash. The Assessee respectfully submits that: The statement was retracted before the Assessing Officer; The retraction was supported by documentary evidence; The addition is unsupported by corroborative material. I. Retraction of Statement – Legal

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

disallowance is primarily based on: A statement recorded under Section 132(4) during search; and An inference that payments made through banking channels were allegedly returned in cash. The Assessee respectfully submits that: The statement was retracted before the Assessing Officer; The retraction was supported by documentary evidence; The addition is unsupported by corroborative material. I. Retraction of Statement – Legal

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

disallowance is primarily based on: A statement recorded under Section 132(4) during search; and An inference that payments made through banking channels were allegedly returned in cash. The Assessee respectfully submits that: The statement was retracted before the Assessing Officer; The retraction was supported by documentary evidence; The addition is unsupported by corroborative material. I. Retraction of Statement – Legal

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT, CENTRAL CIRCLE-05, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

disallowance is primarily based on: ➤ A statement recorded under Section 132(4) during search; and ➤ An inference that payments made through banking channels were allegedly returned in cash. The Assessee respectfully submits that: ➤ The statement was retracted before the Assessing Officer; ➤ The retraction was supported by documentary evidence; ➤ The addition is unsupported by corroborative material. I. Retraction of Statement – Legal

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

disallowance is primarily based on: ➤ A statement recorded under Section 132(4) during search; and An inference that payments made through banking channels were allegedly returned in cash. The Assessee respectfully submits that: The statement was retracted before the Assessing Officer; The retraction was supported by documentary evidence; The addition is unsupported by corroborative material. I. Retraction of Statement – Legal

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT CENTRAL CIRCLE-05, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

disallowance is primarily based on: A statement recorded under Section 132(4) during search; and An inference that payments made through banking channels were allegedly returned in cash. The Assessee respectfully submits that: The statement was retracted before the Assessing Officer; The retraction was supported by documentary evidence; The addition is unsupported by corroborative material. I. Retraction of Statement – Legal

VESTIGE MARKETING PVT. LTD.,DELHI vs. DCIT, CENTRAL CIRCLE- 05, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

disallowance is primarily based on: ➤ A statement recorded under Section 132(4) during search; and An inference that payments made through banking channels were allegedly returned in cash. The Assessee respectfully submits that: The statement was retracted before the Assessing Officer; The retraction was supported by documentary evidence; The addition is unsupported by corroborative material. I. Retraction of Statement – Legal

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT, CENTRAL CIRCLE- 05, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

disallowance is primarily based on: A statement recorded under Section 132(4) during search; and An inference that payments made through banking channels were allegedly returned in cash. The Assessee respectfully submits that: The statement was retracted before the Assessing Officer; The retraction was supported by documentary evidence; The addition is unsupported by corroborative material. I. Retraction of Statement – Legal

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Bench: Shri Satbeer Singh Godara & Shri Naveen Chandra

disallowance is primarily based on: A statement recorded under Section 132(4) during search; and An inference that payments made through banking channels were allegedly returned in cash. The Assessee respectfully submits that: The statement was retracted before the Assessing Officer; The retraction was supported by documentary evidence; The addition is unsupported by corroborative material. I. Retraction of Statement – Legal

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Bench: Shri Before Shri Satbeer Singh Godarabefore Shri Before Shri Satbeer Singh Godarasatbeer Singh Godara & Satbeer Singh Godara & And & Shri Naveen Chandra Shri Naveen Chandra, , , Shri Naveen Chandra Shri Naveen Chandra

disallowance is primarily based on:  A statement recorded under Section 132(4) during search; and  An inference that payments made through banking channels were allegedly returned in cash. The Assessee respectfully submits that:  The statement was retracted before the Assessing Officer;  The retraction was supported by documentary evidence;  The addition is unsupported by corroborative material. I . Retraction of State

VESTIGE MARKETING PVT LTD,DELHI vs. DCIT CENTRAL CIRCLE -05 , DELHI

Bench: Shri Before Shri Satbeer Singh Godarabefore Shri Before Shri Satbeer Singh Godarasatbeer Singh Godara & Satbeer Singh Godara & And & Shri Naveen Chandra Shri Naveen Chandra, , , Shri Naveen Chandra Shri Naveen Chandra

disallowance is primarily based on:  A statement recorded under Section 132(4) during search; and  An inference that payments made through banking channels were allegedly returned in cash. The Assessee respectfully submits that:  The statement was retracted before the Assessing Officer;  The retraction was supported by documentary evidence;  The addition is unsupported by corroborative material. I . Retraction of State

DEPUTY COMMISSIONER OF INCOME TAX, DELHI vs. M/S VESTIGE MARKETING PRIVATE LIMITED, DELHI

Bench: Shri Before Shri Satbeer Singh Godarabefore Shri Before Shri Satbeer Singh Godarasatbeer Singh Godara & Satbeer Singh Godara & And & Shri Naveen Chandra Shri Naveen Chandra, , , Shri Naveen Chandra Shri Naveen Chandra

disallowance is primarily based on:  A statement recorded under Section 132(4) during search; and  An inference that payments made through banking channels were allegedly returned in cash. The Assessee respectfully submits that:  The statement was retracted before the Assessing Officer;  The retraction was supported by documentary evidence;  The addition is unsupported by corroborative material. I . Retraction of State

JEEWAN DASS,HARYANA vs. ITO,WARD-1, RANGE 57, HISAR

Appeal is allowed

Bench: Sh. Satbeer Singh Godara

194Q of Rs. 23,443/- is not allowable as the appellant has not given details of turnover as kachcha arhatias in the return of income. 6. That the learned Commissioner of Income Tax (Appeals) has erred in upholding the disallowance of credit of TDS of Rs. 1,08,733/- as against Rs. 1,38,133/- claimed by the appellant