2019 (4) TMI 1807

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....s Appeal is filed by the Revenue to challenge the Judgment of the Income Tax Appellate Tribunal. Following questions are presented for our consideration. "(i) Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in directing the Assessing Officer to delete the undisclosed income determined by the Assessing Officer by disallowing commission payment to v....

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....tion with the Assessing Officer' for determination of undisclosed income under the provisions of section 158BB of the IT Act, 1961 ?" 2. The Respondent - Assessee is engaged in the shipping business. The Assessee was subject to assessment proceedings under Section 158BC of the Income Tax Act, 1961 ('the Act', for short). The Assessing Officer made several disallowances of various expenditures suc....