2018 (2) TMI 1834

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....: None ORDER Hon'ble Prashant Kumar Mishra J. 1. Heard. 2. This appeal by revenue would assail the order passed by the Income Tax Appellate Tribunal (henceforth, the Tribunal) on 11.05.2017, dismissing the appeal preferred by the revenue wherein challenge was made to the order passed by the CIT (Appeals), Raipur dated 30.04.2014, which allowed the assessee's appeal against the order pa....

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....the assessee as to why payments were made in cash, does not satisfy the requirement of Rule 6DD of the Income Tax Rules, 1962. 5. The CIT (Appeals) allowed the appeal preferred by the assessee accepting the arguments that the sellers have insisted for cash payment; the identity was established by furnishing photograph, addresses and witnesses and the deal was made in the presence of competent aut....

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....sistant Commissioner of Income Tax- Circle- 1(2) vs M/s R.P. Real Estate Pvt. Ltd. In the said matter, this Court has referred to the order passed by Gauhati High Court in [Walford Transport (Eastern India) v. CIT] 1999-240 ITR 902 and Saraswati Housing & Developers v. Additional Commissioner of Income Tax, (2013) 142 ITD 0198, Delhi Bench (G) to hold that once the Appellate Court and the Tribunal....