I.T.O. vs. M/S KUMAR CONSTRUCLTION,

In the result, the appeal of the Revenue is partly allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

disallowance under section 40A(3), we have noticed the details. If certain employees have withdrawn this amount from the Bank and taken to the Cash Book, then it would not become separately an unexplained cash credit. The ld. CIT(Appeals) has taken note of these facts in the light of incompleteness of the accounts of the assessee. These

PUNRASAR JUTE PARK LIMITED,PURNEA vs. CIT, PURNEA

In the result, the appeal of the assessee is allowed