ITA No.1491/Chny/2024
Parties Involved
Facts Summary
The assessee, Mr. Suryanarayana Iyer, provides legal assistance to lawyers through his sole proprietorship business, 'Cyber Law Journal'. He entered into an agreement with M/s. Lexis Nexis Butterworths India on 19.05.2011 for providing judgments of various Courts/Tribunals. The agreement stipulated a total compensation of Rs.10,49,86,877/-. The assessee received Rs.7,35,00,000/- in AY 2012-13 and Rs.1,13,09,280/- in AY 2013-14. The Assessing Officer added Rs.2,01,77,597/- as income for AY 2013-14, which the assessee contested. The Commissioner of Income Tax (Appeals) deleted the addition, and the Revenue appealed to the Tribunal.…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Whether the addition of Rs.2,01,77,597/- made by the Assessing Officer is justified?
Judgment Outcome
Decided in favour of Partly Assessee / Partly Revenue.
Precedents Relied Upon
5 precedents cited in this judgement.
Similar Judgements
Ram Niranjan Banka Vs. ACIT, Circle-40
D Bench, Kolkata benchAY 2014-15AllowedSmt. Urmila Dhelia v/s Income Tax Officer
Mumbai benchAY 2011-12Partly AllowedSmt. Sneha Brahma, Legal Representative of Late Shyamal Kumar Brahma Vs. ITO, Ward-2(4), Raiganj
Kolkata ‘D’ Bench, Kolkata benchAY 2013-14Partly AllowedKrishan Kumar Gupta Vs. National Faceless Assessment Centre, Delhi
Delhi ‘C’ Bench benchAY 2013-14AllowedMander Jain Vs. Income Tax Officer, Ward-59(5)
Delhi Bench 'C' benchAY 2017-18AllowedShri Om Prakash Vs. The P.C.I.T
Delhi 'E' Bench benchAY 2017-18Dismissed