ACIT, CENTRAL CIRCLE-II, LUCKNOW, LUCKNOW vs. RAKESH KUMAR PANDEY, GONDA U.P.

In the result, the outcome of the appeals and Cross Objections are as under:

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

section 269T have been made otherwise than by account payee cheque or account payee bankdraft, as the necessary evidence are not in possession of the assessee. The management certifies that all payments in excess of limit prescribed were made through account payee cheque/drafts or RTGS/NEFT. d. As explained to us, entity has not maintained quantity wise reconciliation of stock, however

RAKESH KUMAR PANDEY,GONDA vs. DCIT/ACIT(CENTRAL)-2, LUCKNOW

section 269T have been\nmade otherwise than by account payee\ncheque or account payee bankdraft, as the\nnecessary evidence are not in possession\nof the assessee. The management certifies\nthat all payments in excess of limit\nprescribed were made through account\npayee cheque/drafts or RTGS/NEFT.\nd. As explained to us, entity has not\nmaintained quantity wise reconciliation of\nstock, however