Bench: Shri Laliet Kumar & Shri Madhusudan Sawdiaassessment Year: 2017-18 Spectra Equipment Private Vs. The Income Tax Officer, Ward 3(1), Limited, Hyderabad. Hyderabad. Pan No.Aaccs8677C. (Appellant) (Respondent) Assessee By: Ms. Akanksha, C.A. For Shri Sunil Kumar Jain, C.A. Revenue By: Ms. Narmada, Cit-Dr For Shri Madan Mohan Meena, Sr.D.R. Date Of Hearing: 11.12.2024 Date Of Pronouncement: 18.12.2024

3) upon themselves. Hence, realisation of cash from them is illogical and appears to be fabricated by the appellant in its books of accounts. 5.6. On examination of the Balance Sheet of the appellant, it is seen that Trade receivables on 31.12.2016 is Rs. 2,18,73,573 and that