2021 (3) TMI 522

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....WAMY APPELLANTS: SRI.K.V. ARAVIND, ADVOCATE RESPONDENT: SMT. M.R. VANAJA, ADVOCATE JUDGMENT Mr.K.V.Aravind, learned counsel for the revenue. Mrs. M.R.Vanaja, learned counsel for the assessee. This appeal under Section 260-A of the Income Tax Act, 1961 has been filed by the revenue against the order dated 21.04.2017 passed by the Income Tax Appellate Tribunal. 2. The subject matter of the ap....

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....rms of section 2(24)(x) r.w.s 36(1)(va) of theAct even when the assessing authority has disallowed the same as per the parameters of said provision?" 3. When the matter was taken up today, learned counsel for the assessee submitted that the issue involved in this appeal is squarely covered by a decision of this Court in M/s.Essae Teraoka P. Ltd., Vs. DCIT, [2014] 266 CTR 0246 (Kar). 4. The afor....