2019 (1) TMI 160

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....e Respondent : Mr. Jehangir Mistry a/w Mr. Subhash Jadhav, Mr. Rupesh Geete and Mr. Shradha Achliya I/b Parinam Law Associates ORDER P.C. 1. These appeals involve the same assessee and identical questions of facts and law. In fact, they arise out of a common impugned judgment of Income Tax Appellate Tribunal ("the Tribunal" for short) dated 18.2.2015. These appeals are filed by the Revenu....

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....d that the assessee had incurred expenditure, some of which was paid to one M/s. Sri Balaji Creativites ("SBC" for short) towards advertisements in various magazines and souvenirs. The Assessing Officer noticed that said SBC was a partnership firm consisting of three partners who happened to be trustees of the respondent assessee trust. The Assessing Officer was of the opinion that the firm i.e....

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....e impugned judgment dismissed the Revenue's appeal upon which the present appeals have been filed. 5. We have heard learned Counsel for the parties and perused the material on record. Clause (c) of sub-section 2 of Section 13 of the Act can be invoked, if any amount is paid by way of salary, allowance or otherwise to any person referred to in sub-section 3 out of resources of the Trust for ....