2014 (11) TMI 1156

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..... ion stipulated between the parties. We also find from the communication between the parties that the payment was duly received by the parties and paid by the assessee by account payee cheques. The revenue has not alleged that the parties to the transactions are related to each other or that the payments are not genuine or that the payments having been made by the assessee to the recipients have fo .....

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..... preferred by the appellant/revenue against the order dated 29th September, 2003 passed by the Income Tax Appellate Tribunal, E Bench, Kolkata in ITA 1203 (Cal) of 1999 in respect of Assessment Year 1994-1995 on the following questions : (a) Whether on the facts and in the circumstances of the case, the Ld. Tribunal was right in holding that the assessing Officer was not justified in disallow .....

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..... he communication between the parties that the payment was duly received by the parties and paid by the assessee by account payee cheques. The revenue has not alleged that the parties to the transactions are related to each other or that the payments are not genujine or that the payments having been made by the assessee to the recipients have found their way back to the assessee some way or the oth .....

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