CIT(A) cannot records Satisfaction about existence of international transaction instead of AO

Advocate Akhilesh Kumar Sah Shilpa Shetty Vs ACIT (ITAT Mumbai) : Recording of ‘satisfaction’ about the existence of an international transaction was only within the jurisdiction of the AO and CIT(A) could not substitute his satisfaction for that of the AO. Recently, in Shilpa Shetty vs. ACIT[I.T.A. No. 2445/Mum/2014, AY 2010-11, decided on 21/08/2018], the brief facts of the case were that the assessee being an individual and resident in India mainly engaged in the profession of film acting had also functioned as a brand ambassador for various products during the period relevant ...