Deputy Commissioner Of Income-Tax,, vs M/S. R.L. Jewells Pvt. Ltd.,, Jalgaon on 8 August, 2018
7. It is an admitted fact that there is no change in the facts and the
nature of transactions are identical. We further observe that similar
disallowances were made in the case of other sister concerns of the
assessee viz. Rajmal Lakhichand Jewellers Pvt. Ltd. and R.L. Gold Pvt. Ltd.
The matter travelled up to the Tribunal and the Tribunal in the cases of
Rajmal Lakhichand Jewellers Pvt. Ltd. Vs. Jt. Commissioner of Income Tax
(supra) and R.L. Gold Pvt. Ltd. Vs. Dy. Commissioner of Income Tax (supra)
has deleted the disallowances u/s. 40A(2) of the Act.