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2020 (8) TMI 89 - AT - Income TaxRectification of mistake u/s 254 - disallowances of amount paid ex-employee for non deduction of tax at source u/s 194C - as per revenue payment made to Mr. Mohla, is in the nature of commission, and the assessee is required to deduct tax at source - HELD THAT:- Since, the assessee has failed to deduct tax at source on said payment, the Tribunal came to the conclusion that there is no error in disallowances of said amount u/s 40(a)(ia) of the Act. Tribunal has considered various case laws cited by the assesee, including the decision of CIT vs Kotak Securities Ltd [2011 (10) TMI 24 - BOMBAY HIGH COURT] while adjudicating the issue and find that the facts of those cases are not applicable to facts of present case and hence, are not specifically discussed If the bench was taken a view that the case laws cited by the parties are not relevent to the issue, then those case laws which are not relevent cannot be considered at all. Therefore, we are of the considered view that the assessee has failed to make out a case of prima-facie mistake apparent on record from the order of the Tribunal, which can be rectified u/s 254(2) of the I.T.Act, 1961. Disallowances of gifts and other expenses given to employees, dealers, customers and other business associates - Tribunal has recorded its categorical finding and discussed the issue in light of various averments made by the assesee and has also considered various case laws cited on this issue. Tribunal has recorded its categorical finding that expenditure incurred under the head gifts and other expenses given to employees etc, are in the nature of personal expenses and are not incurred wholly and exclusively for the purpose of business of the assessee. Further, if you go through the fact finding recorded by the Tribunal in light of averments made by the assesee in the miscellaneous application, we find that what is sought through the miscellaneous application is to review the decision rendered by the Tribunal in the given facts and circumstances of the case, which in our considered view is not permissible u/s 254(2) - miscellaneous application filed by the assessee on both grounds does not have merits - Decided against assessee.
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