P P CORPORATION,RAJKOT vs. PRINCIPAL COMMISSIONER OF INCOME TAX, RAJKOT

In the result, the appeal of the assessee is allowed

TDS as per 26AS details with books of account, and\nexplain through documentary evidences the difference, if any.\n27. Provide proof for payment of statutory liabilities within stipulated period of time.\n28. Details of the expenses/payments made to related parties as mentioned in section\n40A(2)(b) of the Income Tax Act, 1961. Explain the necessity, reasonability and genuineness

THE ITO, WARD-1 (2) (5),, RAJKOT-GUJARAT vs. JITENDRA G. PATEL PROJECT LTD.,, RAJKOT-GUJARAT

In the result, the appeal preferred by the Revenue is allowed for statistical purposes

Bench: Smt. Annapurna Gupta & Shri T. R. Senthil Kumar

TDS from sub-contract payments, the amount of Rs.l,49,14,535/- was disallowed u/s.40(a)(ia) and added to the total income of the assessee. The assessee has claimed expenses to the tune of Rs.30,97,972/- in Profit & Loss account. The assessee was asked to produce books of account and bills/vouchers of expenses to verify the expenses