2018 (4) TMI 406

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..... Ruturaj Gurjar i/by. Mr. Mihir Naniwadekar, Advocate for the respondent. P.C. :- 1. This Appeal under Section 260-A of the Income Tax Act, 1961 (the Act), challenges the order dated 22nd April, 2015 passed by the Income Tax Appellate Tribunal (the Tribunal). The impugned order dated 22nd April, 2015 is in respect of Assessment Year 2008-09. 2 Revenue has urged the following two question....

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....Assessing Officer disallowed the compensation paid to the sister concern amounting to Rs. 7.57 lakhs on the ground that it is brokerage and no evidence in support of the same was produced. This resulted in addition of the above amount to determine income in the Assessment Order dated 28th December, 2010 for Assessment Year 2008-09. (b). Being aggrieved, the respondent filed an appeal to the Com....

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....cern for the relevant assessment year. This alongwith details of the brokerage received by the sister concern. It found that, receipt of amount of compensation was reflected in the Profit & Loss Account of the sister concern. Besides, the particulars of the transaction which formed the basis of the compensation having been produced before the lower authorities. It also found that the sister con....