Sum paid to sub-contractor couldn't be held as bogus just because it was immediately withdrawn by employee of assessee

INCOME TAX: Where assessee, a civil contractor, incurred expenditure on account of payments made to several sub-contractors for execution of infrastructure contracts, merely because payments made to sub-contractor were withdrawn immediately by employees of assessee so as to help them to utilize same for execution of sub contract work at appropriate time and cash was not used by assessee for any purpose other than sub-contract work, such payments made by assessee could not be held as bogus

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