Expense Not Bogus Merely for Recipient’s Non-Filing of Return

Singh Construction Corporation Vs DCIT (ITAT Kolkata) Sub-Contract Payments Not Bogus Merely Because Payee Didn’t File Return: ITAT Kolkata Deletes ₹54.37 Lakh u/s 69C Kolkata ITAT ‘D’ Bench allowed the appeal for AY 2018-19 and deleted the addition of ₹54.37 lakh made u/s 69C towards alleged bogus sub-contract expenditure. Tribunal held that once the assessee had deducted TDS u/s 194C, deposited the same with the Government, furnished PAN, confirmations, bills, ledger accounts & TDS returns, the expenditure could not be treated as bogus merely because the sub-contractor had not ...