2010 (10) TMI 121

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....ty to M/s Nekon Pharma Chemical of Rs. 11,58,000/- and liability to M/s SEICI, Italy, of Rs. 67,77,412/- as income of the respondent under Section 41 of the Income Tax Act, 1961 (the Act).   2. The assessee filed an appeal, it was allowed by the Commissioner, Income Tax Appeals [the CIT(A)] on 24.7.2008 and the aforesaid additional were deleted by the CIT(A).   3. The department filed ....