2013 (2) TMI 210

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.... M. M. Kumar, C 1. This order shall dispose of ITA no. 200/2012 & ITA no. 8/2013. These appeals have been preferred by the Revenue under Section 260A of the Income Tax Act impugning the order dated 27.07.2012, passed in ITA no. 343(Asr)/2011 in respect of assessment year 2008-09. The other appeal titled as CIT v. M/s Vaishno Metal & Allied Industries is directed against order dated 05.10.2012 ....

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....le in computing the income chargeable under the head Profits and gains of business or profession. According to Mr. Thakur, Section 40 (ia) includes in its mischief fees for technical services payable to the residents or payable to the contractors etc. In ITA no. 200/2012 an amount of Rs.65,000/- is stated to have been payable to the Chartered Accountant and the same was not deductible in comput....