TaxTMI 
TaxTMI 
2018 (6) TMI 1569
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....der Singh (Judicial Member) The Revenue is aggrieved by the impugned order dated 15/06/2016 of the Ld. First Appellate Authority, Mumbai and the assessee has preferred cross objection. 2. We have considered the rival submissions and perused the material available on record. In the appeal of the Revenue, the first ground agitated by the Ld. DR is with respect to disallowance made under section 43....
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....enue pertains to disallowance of sum of Rs. 1,39,73,469/- on account of rent payment to M/s TAG Enterprises. The Ld. counsel for the assessee, before the Ld. Commissioner of Income Tax (Appeal), as well as before us, explained that the office space was shared between the assessee and its group affiliates as per clause -14 of the agreement on assignment. As per this clause, an express permission wa....
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....d. Commissioner of Income Tax (Appeal) is affirmed. 4. So far as, the cross objection of the assessee is concerned, the crux of the argument on behalf of the assessee is that if the claim of the assessee is allowed and the appeal of the Revenue is dismissed, the cross objection of the assessee will become in-fructuous. In view of the above, since, the stand taken by the Ld. Commissioner of Income....