Court Confirms Income Diversion: Sale Proceeds Unjustifiably Directed to Pushpadanta Infrastructure, Petitioner Fails to Explain.

Genuineness of payment - diversion of income - There is not a word in the sale deed why the majority of the sale consideration was diverted to M/s. Pushpadanta Infrastructure Ltd. The petitioner has not been able to produce before the Revenue Authorities or even before us any reason why M/s. Pushpadanta Infrastructure Ltd. should have received such sale consideration - additions confirmed - HC .....

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