Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
On the facts and in the circumstances of the case and in law the ld. CIT(A) failed to appreciate that expenses of Rs.4,13,52,970/- was not incurred by the assessee wholly and exclusively for the
purpose of its own business.
On the facts and in the circumstances of the case and in law the ld CIT(A) erred in deleting the addition of Rs.5,92,50,885/- being reimbursement of brokerage on which assessee failed to deduct tax and was disallowed under the provisions of sec. 40(a)(ia) of the I.T. Act.”
Citation :
D C I T - 2(3). Room No. 555, Aayakar Bhavan M.K. Road, Mumbai 400020 Appellant Vs. M /s. Tata Asset Management Ltd Fort House, Upper Ground Floor 221, Dr. DN Road, Mumbai 400001 PAN - AAACT 1458 L Respondent
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