DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR vs. NARESH KUMAR GUPTA, SRIGANGANAGAR
In the results the appeal of the revenue stands dismissed and the
ITA 458/JPR/2024[2014-15]Status: DisposedITAT Jaipur28 Nov 2024AY 2014-15
Bench: Him The Order Passed Under Section 143(3) Of The Income Tax Act, [ For Short “Act” ] By The Acit, Circle, Sri Ganganagar [
For Appellant: Shri P.C. Parwal (C.A.)For Respondent: Ms. Alka Gautam (CIT) (V.H.)
Section 143(3)Section 14ASection 36(1)(iii)
transferred 10 months before invoice date and the seller does not obtain any security/ collateral/ advance against such a huge transaction amount in the intervening period. No prudence man should do so in the normal course of business.
2. in the light of above discussions, it is inferred that in the normal course of business the invoice date
