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2015 (10) TMI 2488
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....his is an appeal filed by the assessee 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 f....
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....s: "I have considered the facts of the case and the submissions made. 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....
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.... to A.Y. 2005-06. 4.1 Apropos ground No. 2, reliance is placed on the decision 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 e....
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....he case of Merilyn Shipping and transport Pvt. Ltd., wherein it has been held that disallowance 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 S....