2022 (1) TMI 297

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..... Mr. Soham Sen, Adv. ...for the respondent ORDER The Court : This appeal filed by the revenue under Section 260A of the Income Tax Act, 1961 (the 'Act' in brevity) is directed against the order dated 5th May, 2017 passed by the Income Tax Appellate Tribunal, "A" Bench, Kolkata (the 'Tribunal' in short) in ITA No.812/Kol/2014 for the assessment year 2011-12. The revenue has raised the following .....

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..... ts and circumstances of the case the Learned Income Tax Appellate Tribunal has erred in law in holding that there was lack of principal and agent relationship between the assessee and the bank/credit and regulation? We have heard Mr. P. K. Bhowmick, learned standing counsel appearing for the appellant/revenue and Mr. Soham Sen, learned standing counsel appearing for the respondent/assessee. The .....

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..... f of another for buying or selling of goods. Similar view has been taken in the case of Commissioner of Income tax (TDS)-1 Vs. Larsen & Toubro Ltd. reported in (2019) 101 taxmann.com 83(Bombay). We are in respectful agreement with the aforementioned decisions and, consequently, held that the Tribunal rightly dismissed the appeal. Accordingly, the appeal (ITAT/77/2018) is dismissed and the substa .....

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