TaxTMI 
TaxTMI 
2015 (10) TMI 2488
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.... against the order dated 02/01/2013 passed by the learned CIT(A)-I, Jaipur for A.Y. 2008-09. The respective grounds of appeal are as under:- "1. That the authorities below erred in making the addition of Rs. 2,00,000/- in the declared trading results by the petitioner to cover up any alleged leakage of revenue. 2. That the authorities below further erred in disallowing a sum of Rs. 11,59,210/-....
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..... It is stated that the stock register has been maintained, various payments were made in cash which are not subject to full verification and, therefore, rejection of books of accounts is justified. The turnover of the appellant sharply declined to Rs. 12.94 crores against Rs. 20.94 crores in the previous year i.e. a drop of Rs. 8 crores on nearly 38%. Through, because of dealing in selective prod....
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.... of Hon'ble Allahabad High Court in the case of CIT Vs. Vector Shipping Services (P) (2013) 357 ITR 642 (All) in which proposition that Section 40(a)(ia) disallowance can be made only in respect of amount remaining payable at the end of the year on which TDS is not deducted. In this case it is admitted fact that the entire amount of commission was paid during the year itself and no amount was paya....
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....lowance U/s 40(a)(ia) applies only to amounts payable as on 31st March but not to amounts already paid during the year." It is contended that the departmental SLP against the judgment of Hon'ble Allahabad High Court in case of Vector Shipping Services Pvt. Ltd. (supra) has been dismissed by the Hon'ble Supreme Court. Therefore, the issue is decided in favour of the assessee. 5. The ld DR, on....