ITA no. 1159/Del/2023

Parties Involved

Facts Summary

For assessment year 2014-15, Multiplier Realtech (P) Ltd. filed its return of income declaring income of Rs.79,01,390/-. The Assessing Officer completed the assessment by disallowing Rs. 38,99,656/- claimed as payment of commission and Rs. 55,32,930/- claimed as expenses incurred on discount on property booking. The assessee appealed to the Commissioner of Income Tax (Appeals) who affirmed the Assessing Officer's action. The assessee then appealed to the Income Tax Appellate Tribunal. The Tribunal set aside the order of the Commissioner of Income Tax (Appeals) and restored the matter to the Commissioner of Income Tax (Appeals) to decide the appeal afresh after admitting the additional evidence sought by the assessee.…

Legal Issues

• 1. Disallowance of commission paid to related parties
• 2. Disallowance of discount on property booking

Judgment Outcome

Decided in favour of Assessee.

Similar Judgements

• ITA Nos. 742 to 744/Coch/2023

  Cochin bench

• M/s Emm Bee Fincap Pvt. Ltd. vs The DCIT, Central Circle-1, Chandigarh

  Chandigarh bench

• Maharana of Mewar Charitable Foundation vs. ITO, Ward Exemption, Udaipur

  Jodhpur bench

• The Advertising Corporation of India Pvt. Ltd. vs. DCIT, Circle-4(2), Kolkata

  SMC Bench Kolkata benchAY 2014-15Partly Allowed

• Bureau Veritas Consumer Products Services (India) Pvt. Ltd.

  C BENCH, DELHI benchAY 2014-15Dismissed

• Rajen Rajmalbhai Mehta vs. Assistant Commissioner of Income Tax

  Mumbai bench