VAIBHAV GLOBAL LIMITED,JAIPUR vs. DCIT, CC-4, JAIPUR
In the result, the appeal of the assessee in ITA no
ITA 1144/JPR/2024[2020-21]Status: DisposedITAT Jaipur30 Jun 2025AY 2020-21
For Appellant: Shri Vinod Kumar Gupta, AdvFor Respondent: Shri Rajesh Ojha, CIT-DR
Section 115JSection 115QSection 143(3)Section 144C(5)Section 36(1)(va)
1. In this regard, the appellant would like to submit that the outstanding receivables & payables are part and parcel of any business, as it arises as an outcome of the business itself. While testing the prima international transactions of appellant using the Cost-Plus Method (CPM"), these receivables automatically get tested.
- 2. As submitted before the Ld. TPO through various