https://www.taxtmi.com/caselaws?id=445099 The HC upheld the Tribunal's decision regarding money received under Marketing Assistance Programme. The assessee, acting as distributor, passed amounts to sub-contractors when goods were lifted. Under clause 6 of the MAP agreement, amounts were conditional and liable to be returned to the company in specified situations. The AO inconsistently treated only the difference between amounts received and spent as income, rather than the entire amount if it constituted income. The AO's treatment of the sum as gross receipts indicated it lacked income attributes. No substantial question of law arose for consideration. en-us Tue, 26 Sep 2023 00:00:00 +0530 Tue, 31 Oct 2023 09:55:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445099 The HC upheld the Tribunal's decision regarding money received under Marketing Assistance Programme. The assessee, acting as distributor, passed amounts to sub-contractors when goods were lifted. Under clause 6 of the MAP agreement, amounts were conditional and liable to be returned to the company in specified situations. The AO inconsistently treated only the difference between amounts received and spent as income, rather than the entire amount if it constituted income. The AO's treatment of the sum as gross receipts indicated it lacked income attributes. No substantial question of law arose for consideration. Case-Laws Income Tax Tue, 26 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445099