THE DCIT-CENTRAL-2, INDORE vs. M/S. KALYAN TOLL INFRASTRUCTURE LTD., INDORE

In the result all the grounds raised by Revenue in the case of

Bench: Hon’Ble Kul Bharat & Hon’Ble Manish Boradassessment Year 2010-11

40 of the order that the CIT(A) was not justified in not accepting the peak working which ought to have been accepted on the facts of the case. The Honourable ITAT also rejected the theory propounded by the Learned CIT(AI of utilization of cash within 15 days of its generation and held on internal page 41 that once