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2018 (2) TMI 1834 - HC - Income TaxAddition u/s 40A(3) - payment by the assessee in cash to different persons towards payment of purchase price for lands as the assessee is engaged in the business of sale and purchase of lands - Held that:- We are not in a position to take any different view than the one taken by the Coordinate Bench in the matter of Assistant Commissioner of Income Tax- Circle- 1(2) vs M/s R.P. Real Estate Pvt. Ltd. [ 2016 (3) TMI 1303 - CHHATTISGARH HIGH COURT] this Court held that once the Appellate Court and the Tribunal have concurrently found that the explanation offered by the assessee as to why the cash payments made to the sellers is acceptable, the same does not involve any substantial question of law as the reasoning assigned and the interpretation applied by the Tribunal and the CIT (Appeals) are duly supported by the judicial precedents. - Decided against revenue
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