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

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Last updated: 05 December 2020
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

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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