[aaykarbhavan] Revenue couldn’t cast doubt on sub-contract payments if sufficient evidences were available to substantiate it

 

Revenue couldn't cast doubt on sub-contract payments if sufficient evidences were available to substantiate it

July 16, 2014[2014] 46 taxmann.com 125 (Hyderabad - Trib.)

IT: Where assessee-company entrusted land development work on sub-contract to GKC which in turn paid certain amount to another company for executing a part of land leveling work, in view of fact that details of all transaction in respect of which subcontract payment had been made by assessee-company to GKC were duly recorded in payment vouchers, AO could not disallow those payments merely taking a view that company which did a part of work for GKC was non-existent company and, thus, entire payments in question were bogus

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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