TMI Blog2020 (9) TMI 976X X X X Extracts X X X X X X X X Extracts X X X X ..... evious year? - HELD THAT:- Tax effect is said to be less than the monetary limit imposed and therefore, the Appeal filed by the Revenue is dismissed, as withdrawn, keeping open the substantial questions of law for determination in appropriate cases. - Tax Case (Appeal) No.625 of 2016 - - - Dated:- 18-9-2020 - THE HON'BLE DR.JUSTICE VINEET KOTHARI And THE HON'BLE MR.JUSTICE KRISHNAN RAM ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ude amounts which are paid during the previous year? (ii) Whether on the facts and circumstances of the case, the ITAT was right in law in holding that the provision of section u/s.40(a)(ia) of the Act cover only the amounts which are payable as on 31st March of a previous year relevant to the assessment year under consideration and not amounts which are payable at any time during the releva ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... i ITAT in the case of ACIT, Cir.4(2) Mumbai vs. Rishti Stock Shares (P) Ltd - ITA No.112/Mum/2012 and further whether order of ITAT had turned perverse in view of ratio of decision in the case of Sudarshan Silk Sarees vs. CIT 306 ITR 205 (SC)? 2. When the matter is taken up for hearing, learned Senior Standing Counsel brought to our notice the Circular instruction issued by the Central Boa ..... X X X X Extracts X X X X X X X X Extracts X X X X
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