Mere payment of amount not enough to claim the same as expense

M/s. K.V. Joseph & Sons Engineering Contractors Vs ACIT (ITAT Cochin)

In this case the assessee paid Rs. 200 lakhs as an advance payment to Mr. K.J. Paul to carry out sub contract work of road at Edapally, High Court. The plea of the assessee is that it was incurred for the purpose of business. However, the assessee has not placed the relevant details of work carried out by Mr. K.J. Paul with reference to this payment. It is the primary duty of the assessee to give details of the work carried out by Mr. K.J. Paul and cor

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