https://www.taxtmi.com/caselaws?id=380665 The case involved appeals by the Revenue against an order passed by the Income Tax Appellate Tribunal (ITAT) regarding the disallowance made by the Assessing Officer (AO) on account of the change in profit percentage of the Assessee and another entity. The Assessee's explanation for reducing the profit sharing percentage was accepted by both the Commissioner of Income Tax (CIT) and the ITAT. The High Court upheld the decisions, stating that no substantial question of law arose in the appeal. Consequently, the appeals were dismissed, and pending applications were rejected. en-us Tue, 14 May 2019 00:00:00 +0530 Fri, 24 May 2019 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380665 The case involved appeals by the Revenue against an order passed by the Income Tax Appellate Tribunal (ITAT) regarding the disallowance made by the Assessing Officer (AO) on account of the change in profit percentage of the Assessee and another entity. The Assessee's explanation for reducing the profit sharing percentage was accepted by both the Commissioner of Income Tax (CIT) and the ITAT. The High Court upheld the decisions, stating that no substantial question of law arose in the appeal. Consequently, the appeals were dismissed, and pending applications were rejected. Case-Laws Income Tax Tue, 14 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380665