Bench: Honourable The Chief Justice Honourable Mrs. Justice Susmita Phukan Khaund Judgment Date : 02-08-2023 (S.P. Khaund, J) 1. Heard Mr. S. Chetia, Learned Senior Standing Counsel, Income Tax Department & Mr. G.N. Sahewalla, Learned Senior Counsel For The Respondent Assisted By Learned Counsel Mr. M. Sahewalla. 2. This Is An Appeal U/S 260A Of Income Tax Act, 1961 (The I.T. Act For Short) Against The Order Dated 14.11.2018 Passed By The Income Tax Appellate Tribunal ‘E’ Court

disallowed u/s 40(a)(ia) of the Act of 1961. 5. The respondent submitted a reply vide letter dated 24.08.2018 stating inter alia that a reference was given regarding the Ledger Account, which is a part of the regular Books of Accounts maintained by the Assessee Company on his day to day business and the results were duly declared while