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

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

disallow 20% of the payments made u/s 404(3) in the process of assessment. We, therefore, delete the addition of Rs. 17,90,571/- and ground no.1 is decided in favour of the assessee.\"\nCIT vs Crescent Export Syndicate in ITA No. 202 of 2008 dated 30.7.2008 -Jurisdictional High Court decision\n\"It also appears that the purchases have been