Dismissing the appeal of the revenue the Court held that, the Tribunal is justified in deleting the addition as the payee has shown the in their return of income. Followed CIT v. Rajinder Kumar (2013) 362 ITR 241 (Delhi)(HC CIT v. Ansal Land Mark Township Pvt. Ltd. (2015) 377 ITR 635 (Delhi) (HC).
PCIT v. Shivaai Industries (P.) Ltd. (2019) 112 taxmann.com 404 (Delhi)(HC) Editorial : SLP is granted to the revenue, PCIT v. Shivaai Industries (P.) Ltd. (2020) 269 Taxman 53 (SC)
S. 40(a)(ia) : Amounts not deductible-Deduction at source-Payee has shown the income in their return of income-No disallowance can be made.