SHAH BROTHERS,CHAIBASA vs. ACIT CENTRAL CIRCLE-1, RANCHI

In the result, this appeal of the assessee is allowed

Bench: Shri George Mathan & Shri Ratnesh Nandan Sahayshah Brothers, A.C.I.T., Thana Lane, Chaibasa-833201 Central Circle-1, Vs. (Jharkhand) Ranchi. Pan No. Aazfs 7498 F Appellant/ Assessee Respondent/ Revenue

1. I have carefully considered the submissions of the Ld. ARs as against the observations made by the Id. AO in the impugned order. In the assessment order the Id. AO observed that during the relevant year the appellant had made contractual payment of Rs.34,01,811/- to M/s Rajshila Nirman Pvt Ltd. (‘RNPL’). He further observed that information