Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
On the facts and circumstances of the case and in law, the learned CIT(A) erred in upholding the action of the AO in disallowing an ad-hoc amount of Rs. 1,25,000/- towards gift expenses on the alleged ground that the gift expenses are not incurred wholly and exclusively for business purpose
On the facts and circumstances of the case and in law, the learned CIT(A) erred in upholding the action of the AO in treating the Leave and License and other agreements entered into by the Appellant with M/s. Minicon Insulated Wires Private Limited (“Minicon”) and the Appellant as a sham transaction
The learned CIT(A) erred in upholding the action of the AO in assessing the income amounting Rs. 1,59,34,618/- received by Minicon, as income taxable in the hands of the Appellant
Citation :
Sahney Kirkwood Private Limited 27, Kirol, Vidya Vihar (West), Mumbai-400 086 PAN NO: AAACS 5304 A (Appellant) Vs. Additional Commissioner of Income Tax, Range 10(2), Mumbai (Respondent)
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