DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUWAHATI vs. ABCI INFRASTRUCTURES PRIVATE LIMITED, KOLKATA

In the result, the appeal of the assessee for Assessment Year

Bench: Sri Rajpal Yadav(Kz) & Dr. Manish Borad

27,184/- was disallowed and added back to the income of the assessee. We observe that ld. AO has neither brought any evidences on record to show that the transactions on account of expenditures are not genuine nor has provided any proper reason for making such allegation in the assessment order. 11. Ld. AO has also not rejected the books