2010 (1) TMI 889

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....e directed against the order of the CIT(Appeals) dated 12-9-2008 for the assessment year 2005- 06 on the following two effective grounds:- 1. On the facts and in the circumstances of the case and in law, the Ld.CIT(A) erred in holding that the assessee is not the principal but an agent only and deleting all additions to income made by A.O. of income arising from the activities of IAL Container ....

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....ent. Further, certain adhoc disallowance have been made. This Bench of the Tribunal in the assessee's own case for the earlier assessment years in ITA No. 4157/Mum/2005 and others considered the question whether the assessee in these cases are to be treated as Agent of IAL Container Lines (UK) Ltd. or principals themselves. At para 25 the conclusions of the CIT(Appeals) were taken into considerati....