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Commissioner of Income-Tax, Central – III Versus M/s. Howrah Gases Ltd.

2016 (6) TMI 1038 - CALCUTTA HIGH COURT

Assessment of commission under the head income from business or profession - dis allowance of proportionate expenses delted by ITAT - Held that:- Revenue, was unable to point out any infirmity in the views expressed by the learned Tribunal. He is una .....

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whereas the order passed by the learned Tribunal concurring with the views of the CIT(A) is a well reasoned order. - Decided against the revenue. - ITA 326 of 2009 - Dated:- 14-6-2016 - Girish Chandra Gupta And Asha Arora, JJ. For the Petitioner : M .....

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e learned Tribunal dismissed an appeal preferred by the revenue. Briefly stated facts and circumstances of the case are as follows: In the relevant assessment year, the assessee had offered a sum of ₹ 5,68,57,561/- for taxation which included a .....

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hat they had before making payment to the assessee deducted the tax at source. The Assessing Officer was of the opinion that the receipt of a sum of ₹ 38,38,575/- should be treated to have been earned by the assessee under the other heads of in .....

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the income to have been earned from business and profession as also to allow the expenditure of a sum of ₹ 75,922/-. In an appeal preferred by the revenue, the learned Tribunal concurred with the views of the CIT(A). It is against this order t .....

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under the law in the facts and circumstances of this case ? ii] Whether on the facts and circumstances of the case the Learned Tribunal is justified in law in confirming the order of the CIT (A) holding that the commission of ₹ 38,38,575/- shou .....

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