ASTT. COMMISSIONER OF INCOME TAX, LUCKNOW vs. M/S PRAG INDUSTRIES (INDIA) PVT. LTD., LUCKNOW

In the result, appeal of Revenue and Cross Objection of assessee, both are dismissed

Bench: Shri Kul Bharat, Videshri Anadee Nath Misshra

201 (SC) support this view. I.T.A. No.660/Lkw/2016 C.O.No.01/Lkw/2017 5 (D.2.) After hearing both sides and after perusal of records, we find that the disallowance out of repair & maintenance did not have sound basis, and was based on suspicion guess work and conjecture only. No material has been brought on record from the side of Revenue to show that