2022 (2) TMI 979

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.... Per Dr. B. R. R. Kumar, Accountant Member The present appeal has been filed by the assessee against the order of the ld. CIT(A)-20, New Delhi dated 06.03.2018. 2. Following grounds have been raised by the assessee: "1. On the facts and circumstances of the case, the order passed by the learned Commissioner of Income Tax (Appeals) [CIT(A)] is bad both in the eye of law and on facts.....

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....sessee are more than the investment made. 5. On the facts and circumstances of the case, learned CIT(A) has erred both on facts and in law in confirming the disallowance despite the fact that no expenditure has been incurred by the assessee in relation to the exempt income earned." 3. The assessee filed return of income on 20.09.2011 declaring income of Rs. 446,16,34,115/-. The assesse....

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....no. 15CB along with the information by the assessee in form no. 15CA as required to be filed before making any foreign currency remittance were furnished before the Assessing Officer and are also placed in the paper book. It was submitted that one payment of Rs. 52,560/- has been made to subscribe for information online for Iron & Steel prices from China. The subscription was paid earlier for two ....

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....d held that such inspection and examination services are technical services provided. The total amount thus reimbursed was Rs. 7.63 lacs. We find that the inspection and examination of the goods before shipment is a common practice and it cannot be treated as a technical service. The inspection with regard to quality, quantity and weight of the product pre-shipment of rolling coils, non-alloy stee....