2018 (3) TMI 1804

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.... JM This is an appeal by the Revenue against the order dated 14.07.2016 passed by C.I.T-(A)-Durgapur for A.Y.2012-13. 2. The only issue is to be decided as to whether the CIT(A) is justified in deleting the addition made on account of cash payments in violation of section 40A(3) of the Income Tax Act, 1961 (Act) in the facts and circumstances of the case. 3. The ld. DR relied on the order....

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....sh to IFB Agro Industries Ltd and non production of any evidence showing that the said payments were made in account payee cheque or bank draft and for violation of the provisions of section 40A(3) of the Act, the aforesaid amount was brought to tax by the AO. Before the CIT(A) it was contended by the assessee that the cash payments were made to IFB Agro Industries Ltd, Panagarh Bazar, Budbud as p....