DCIT CC 1 4 Vs. Greyforce Industries Limited
Case No: ITA No.2497/KOL/2025
Court: INCOME TAX APPELLATE TRIBUNAL “ B” BENCH, KOLKATA
Date: 1/20/2026
Parties Involved
RevenueDCIT CC 1 4
AppellantGreyforce Industries Limited
Facts Summary
During the assessment proceedings for the Assessment Year 2023-24, the Assessing Officer (AO) noted that Greyforce Industries Limited, a cement manufacturing company, had made payments in violation of Section 40A(3) of the Income-tax Act, 1961, by exceeding ₹35,000/- per transporter in a single day, amounting to ₹3,85,65,679/-. Consequently, the AO disallowed ₹3,83,34,071/- from the assessee's income. Additionally, the AO added ₹10,00,000/- to the assessee's income under Section 69C of the Act f…
Decision in favour of
Revenue
Legal Issues
- 1. Deletion of addition of ₹3,83,34,071/- by the ld. CIT (A) as made by the ld. AO on account of freight payment exceeding ₹35,000/- to a single transporter in a single day in violation of Section 40A(3) of the Income-tax Act, 1961.
- 2. Deletion of addition of ₹10 lacs by the ld. CIT (A) as made by the ld. AO on the basis of messages retrieved from the mobile phone of the directors for which corresponding entries were not made in the books of account.
Precedents Relied Upon
8 precedents cited in this judgement.