2024 (1) TMI 1407

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....v. For the Appellant Mr.Shashwat Nayak, Adv. Mr.Barnik Ghosh, Adv. For the Respondent ORDER The Court : This appeal filed by the revenue under Section 260A of the Income Tax Act, 1961 (the Act) is directed against the order dated 28th February, 2023 passed by the Income Tax Appellate Tribunal, C-Bench, Kolkata (the Tribunal) in ITA No.320/Kol/2021 for the assessment year 2015-16. The revenue h....

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....s and carefully perusing the materials on record and the reasoning given by the Commissioner of Income Tax (Appeals) [CIT(A)] in his order dated 29th June, 2021 and the finding of the learned Tribunal, we find that the learned Tribunal has examined the aspect and found that the average rate of corporate guarantee commission has been accepted for several decisions of the Tribunal at 0.5% and the as....