M/S. Pramukh Cotpress India Pvt. Ltd.,, ... vs The Income Tax Officer, S.K.Ward- 2,, ... on 6 May, 2022
6. We have gone through the order relied upon by the ld. Counsel
before us in the case of Ramdev Profiles (supra) and note that in the facts
of the said case, it was noted that assessee had contended that the
electricity expenses were paid in cash to UGVCL, since the assessee was
situated in a small village not served by Bank. In the present case no such
business exigiency has been demonstrated or canvassed by the assessee.
Ld. Counsel has simply sought to draw support from the order of the ITAT in
the case of Ramdev Profiles for the proposition that payment made to
UGVCL is not covered u/s. 40A(3) of the Act which we find is not the case.