Revenue cannot interpret an agreement in its own way to include other costs

Advocate Akhilesh Kumar Sah If the parties to the agreement are bound by the terms and conditions mentioned therein and the Revenue cannot interpret the said agreement in its own way to include the other costs: Coca-Cola India Inc. case Very recently, in Coca-Cola India Inc. vs. DCIT [ITA No.2179/Del/2006 A.Y.: 2001-02, decided on 27.06.2018], the following grounds were raised by assessee-company in the appeal before Delhi ITAT: The CIT(A) failed to appreciate that the only adjustments made to income computed protectively is for items discussed in paras 18,19,20 of the assessment order which...