In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed
Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)
23-11-2016. Further, the assessee has furnished tax audit report also before the AO and in the tax audit report, the tax auditor did not mention that there was violation of provisions of sec.40A(3) of the Act. Accordingly, we are of the view that there was no laxity on the part of the assessee in substantiating its explanations