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2017 (6) TMI 1083 - BOMBAY HIGH COURTUnapproved purchases - cash payments - addition merely a statement made by the Company that the money was utilized by the head office that was not backed by any evidence or proof - Held that:- The Tribunal has observed in the order that the assessee has incurred total subcontract payment of ₹ 2,19,02,968/out of which ₹ 2,06,96,216/was paid by cheques and whatever payment was made by cash, TDS was deducted. The payment details submitted from pages 33 to 40 of the paper book shows that 95% payments were made by cheques. The Tribunal has also observed that as far as the cash payment of ₹ 50.00 Lacs is concerned, it is not a payment made by the assessee to the parties on account of subcontact payments but the said amount represents the remittance of various amounts made by the assessee to it's branch office at Chennai for the purpose of work carried out at various sites. The Tribunal has referred to the details given at pages 10 and 11 of the paper book. No substantial questions of law.
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