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2019 (4) TMI 105 - HC - Income TaxAccrual of income - Commission paid by the suppliers of the assessee to the different investment companies amounts to diversion of funds - Tribunal answered the issue in favour of the assessee - HELD THAT:- Revenue has simultaneously assessed the assessee as well as the Company who received the commission from the supplier (with reference to protective assessment). As such, there is an attempt to make unlawful gain by the Revenue, which is not correct or sustainable. Similar challenge raised by the Revenue has already been considered by this Court [2019 (4) TMI 79 - KERALA HIGH COURT] answering it against the Revenue.
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