M/S.M K AGROTECH PRIVATE LTD vs. THE ADDL COMMISSIONER OF INCOME TAX

The appeal is allowed

Bench: The Hon'Ble Mr. Justice Ravi Malimath

Section 40A(3) of the Act with regard to payments made to the Challakere parties, wherein 20% of the payments made, was disallowed and was added back to the total income. Aggrieved by the same, an appeal was filed before the Commissioner of Income Tax (Appeals). The Commissioner of Income Tax (Appeals) held that there is no case for holding

M/S SREE LAKSHMI SILKS vs. THE ASST. COMMISSIONER OF INCOME TAX

In the result, the order passed by the tribunal dated 26