High Court quashed order passed by ITAT upholding disallowance merely on basis of order passed in preceding year

INCOME TAX : Where Tribunal had upheld disallowance under section 37(1) of commission payment made by Assessing Officer on basis of order for preceding year, since material had been produced by assessee which was not considered by Tribunal and Tribunal had upheld disallowance under section 37 merely on basis of order passed in respect of preceding year, order passed by Tribunal was cryptic and suffered from vice of non- application of mindINCOME TAX : Where Tribunal had upheld disallowance under section 37(1) of commission payment made by Assessing Officer on basis of order for preceding year, since material had been produced by assessee which was not considered by Tribunal and Tribunal had upheld disallowance under section 37 merely on basis of order passed in respect of preceding year, order passed by Tribunal was cryptic and suffered from vice of non- application of mindwww.taxmann.com Latest Case LawsRead More

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