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2018 (6) TMI 67 - AT - Income TaxAllowability of commission expenses paid to its sister concern - allowable busniss expenses - Held that:- The supply of iron ore is from altogether new parties qua the parties in the preceding assessment year. This fact also gives considerable strength to the existence of services towards procurement of crucial supply. It will not be correct to view the claim in a petty foggy manner and put heavy burden on the assessee to discharge onus disproportionately. The volatility in the price, the fall in the quantity of purchase, the existence of global recession and uncertainty, supply from altogether new parties on a regular basis gives strong indicator for acceptance of services albeit from sister concern. Thus claim towards commission expenses is bonafide and deserves to be allowed. - Decided in favour of assessee Validity of action of the CIT(A) on apportionment of certain expenses of Sponge Iron Unit to power plant unit - reduction of deduction claimed u/s.80IA to the extent of ₹ 40,17,406/- was reversed by the CIT(A) - Held that:- In parity with the view taken by the co-ordinate bench in assessee’s own case, we do not see any reason to interfere with the decision of the CIT(A) in this regard. Therefore, we decline to interfere with the order of CIT(A). - Decided against revenue
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