2021 (7) TMI 1478

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ICE HEMANT CHANDANGOUDAR For the Appellant : SRI. K.V. ARAVIND, ADV. For the Respondent : SRI. HIMANSU SHEKAR SINHA, ADV. JUDGMENT Mr. K.V. Aravind, learned counsel for the revenue. Mr. Himanshu Shekar Sinha, learned counsel for the respondent. 2. This appeal under Section 260-A of the Income Tax Act, 1961 (hereinafter referred to as 'the Act', for short) has been filed by the re....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....operly appreciating the nature and content of the transactions with reference to the provisions of section 195 and section 40(a)(i) of the Act?" 2. When the matter was taken up today, learned counsel for the assessee submitted that the aforesaid substantial questions of law have already been answered in favour of the assessee by judgment dated 01.12.2020 passed in ITA Nos. 214/2014 and 215/2014....