2020 (2) TMI 272

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....espondent   P.C.: 1. Heard Mr. Suresh Kumar, learned standing counsel, revenue for the appellant and Mr. Ashok Pandit, learned counsel for the respondent - assessee. 2. This appeal under Section 260A of the Income Tax Act, 1961 ("the Act" for short) is preferred by the revenue against the order dated 4.11.2016 passed by the Income Tax Appellate Tribunal, Mumbai "A" Bench, Mumbai ("Tr....

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....e order of the CIT(A) that there was lack of principal and agent relationship between the assessee and the bank / credit card agencies? 4. Mr. Kumar, learned standing counsel fairly submits that this Court in CIT Vs. Jet Airways (India) Ltd. Income Tax Appeal No. 628 of 2018 decided on 23.4.2019 has answered the two questions in favour of the assessee and against the revenue. In the said decisi....