PRASHANT PACKAGING PVT.LTD,PATNA vs. DCIT/ACIT, CIR-2, PATNA, PATNA

In the result, the appeal filed by the assessee is allowed

disallowance under section 40A(3) is sustainable in the light of the facts & circumstances.\nFrom the perusal of facts of the case we find that admittedly the genuineness of the parties have not been doubted. The payment was made to the partner of the firm against the purchase of the goods. In such circumstances we find that there

ASHOK KUMAR,BHOJPUR vs. ITO, WARD-1, ARA

In the result, the appeal of the assessee is partly allowed as indicated above