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Section 153C3 Section 40A(3)3 Section 37(1)3

DYNASTY CONSTRUCTION PVT. LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result, appeal of the Assessee is partly allowed

ITA 1825/DEL/2013[2007-08]Status: DisposedITAT Delhi11 Oct 2023AY 2007-08

Bench: SHRI N. K. BILLAIYA (Accountant Member), SHRI YOGESH KUMAR U.S. (Judicial Member)

Section 132Section 153ASection 153CSection 155ASection 37(1)Section 40A(3)

disallowance made u/s 40A(3) of the Act in assessment order passed u/s 153C of the Act do not have any nexus with any incriminating material seized/found during the course of search on BPTP. Further submitted that, both the additions/disallowance made on account of additional payment and cash payment made are not based on any incriminating seized document found during