2014 (9) TMI 318

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....gal solutions for the Respondent JUDGEMENT 1. This appeal by the revenue challenges the order passed by the Income Tax Appellate Tribunal, Bench at Mumbai. The order dated 25th March, 2011 in Income Tax Appeal No.5021/Mum/2009 pertains to assessment year 2006-07. 2. The issue that was raised before the Tribunal was that the respondentassessee had received a sum by way of loan or advance f....

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....e of Assistant Commissioner of Income Tax V/s. Bhaumik Colour (P)Ltd. 4. This ground and the correctness of the view taken by the Special Bench was in issue before this Court and the Division Bench judgment of this Court in the case of Commissioner of Income Tax V/s. Universal Medicare Pvt. Ltd. 2010 (324) ITR 263 upheld the Special Bench's decision. 5. One of us had an occasion to consi....