ITO, WARD-1(1), SOLAPUR, SOLAPUR vs. MS. KSHIRSAGAR FABRICS, SOLAPUR

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2009-10

138 ITD 222 (Jodhpur) that conscious split up of payment by the assessee to avoid rigours of 40A(3) would still result in disallowance of expenses. It is seen from the case record of the assessee that in the Ledgers of various related parties in the period from 01/04/2008 to 31/3/2009 the assessee had paid rupees