Department ACIT (International Taxation), New Delhi M/s. Mitsui & Co. Ltd., New Delhi

Last updated: 05 December 2020

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Quick Summary

This case involves an appeal by the Revenue against a decision concerning M/s. Mitsui & Co. Ltd.'s tax assessment for the 2013-14 financial year. The core issues revolve around the proportion of gross trading profit attributable to Mitsui's Permanent Establishment in India and the allowable deduction for commission expenses. The Assessing Officer had initially determined a higher percentage of profit and a lower commission deduction compared to the findings of the CIT(A).

Court :
ITAT New Delhi

Brief :
The aforesaid appeal has been filed by the Revenue and Cross Objection by the assessee against the impugned order dated 22.09.2016 passed by Ld. CIT(A)-XLIII, New Delhi for the quantum of assessment passed u/s.143(3)/144C for the Assessment Year 2013-14. In the Revenue’s appeal, following grounds have been raised:-

Citation :
ITA No.5901/DEL/2016

Daily Limit Reached