2014 (4) TMI 121

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.... both these appeals, they are being decided by this common order. Respondent submitted his annual return of income tax for the assessment year 1999-2000 so also for the year 1998-1999, and for both these period, certain commission for sale of tea have been received, the respondent assessee submitted that these commissions were received by M/s Vallabh Refractories and Ceramics Products Limited and....

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....on record and tried to emphasize that the assessing officer has recorded a finding that the commissions were received by the assessee in his individual capacity and, therefore, the additions made by the assessing officer were interfered with by the appellate authority without any justification. On the contrary, based on a judgment rendered by the High Court of Gujarat in the case of Jyoti Limited....