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 o

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