2018 (6) TMI 102

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Mr. Aniket Mitra, Adv. Mr. J. P. Khaitan, Sr. Adv. Ms. Swapna Das, Adv. Mr. Sanjay Bhowmik, Adv. Mr. Siddhartha Das, Adv. ORDER The Court : The appeals are at the instance of the department and the following questions of law have been raised: i) "Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal has erred in allowing payment of commission ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nest money and tender deposits made for filing tenders under section 37(1) of the Income-tax Act, 1961, in face of the provisions of section 36(2) of the Income-tax Act, 1961, in terms of which only those debts can be allowed as bad debts which were accounted for as income in the earlier years ?" As is evident from the first of the questions framed by the department, it is purely a question of ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....unworthy of being admitted for consideration. The third question pertains to tender deposits made for filing tenders. The discussion in the order impugned finds it worthy as an expenditure and, indeed, the department may have included the question without really intending to press the same in right earnest. Since the questions framed in ITA No. 504 of 2007 do not merit any consideration, the....