2014 (6) TMI 612

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....R P. C. 1. This appeal is directed against the order passed by the Tribunal dated 25th February 2011. 2. The assessment year in question is 200304. The Revenue's Appeal was dismissed by the Tribunal and the order of the Commissioner of Income Tax (Appeals), Mumbai dated 14th June 2006 has been confirmed. 3. Mr Chhotaray, learned counsel appearing for the Appellant submits that this....

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....charges including arrears on account of hiring of the motor car, office equipments, computers, furniture / fixtures could not have been termed as a 'business income'. This finding is rendered without appreciating the nature of the arrangement between the sister concern and the Assessee as per the agreement dated 1st April 2000. This agreement does not indicate any complexion / commercial a....

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....view cannot be taken now. 5. It is not merely because of rule of consistency that the Tribunal has arrived at this finding. Apart from the said conclusion, the Tribunal also considered the receipt of these charges and held that they are on account of hiring of motor cars, computers, furniture and fixtures. This is not the case where the Tribunal was called upon to decide any wider controversy. ....