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2020 (2) TMI 843 - HC - Income TaxAddition u/s 37 - HELD THAT:- Appeal be admitted on the following substantial questions of law : A. Whether on the facts and in the circumstances of the case and in law, Tribunal was right in upholding the orders of the lower authorities and disallowing the amount of ₹ 87,61,920.65 paid to Al Azhar Trading Company, Dubai and ₹ 1,78,676.00 paid to Kirloskar Middle East FZE (KMEF) by invoking the provisions of Explanation 1 to Section 37 of the Income Tax Act, 1961 ?. B. Whether on the facts and in the circumstances of the case and in law, the Tribunal was right in holding that the payment of ₹ 87,61,920.65 paid to Al Azhar Trading Company, Dubai and ₹ 1,78,676.00 paid to Kirloskar Middle East FZE (KMEF) was an illicit payment prohibited under the provisions of Indian Law, without coming to any specific finding as to which provision/statute of Indian law the appellant had violated ?. C. Whether on the facts and in the circumstances of the case and in law, the findings of the Tribunal are perverse on the basis of the facts on record ?.
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