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Commission received by a foreign company for assistance in arranging cargo transportation taxable in India on account of ‘business connection’

Case Law Details

Case Name
ADIT Vs ACM Shipping India Ltd. (ITAT Mumbai)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2009-10 and 2010-11
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ADIT v ACM Shipping India Ltd. ITAT, Mumbai ITA Nos. 5085 and 5087 (Mum.) of 2009 Assessment Year: 2009-10 and 2010-11 Decided on: 10 June 2011 Order N.V. Vasudevan, JM 1. These are appeals by the revenue against two orders both dated 25-6-2009 of CIT(A) XXXI, Mumbai relating to assessment years 2010-11 and 2009-10. 2. The appellant is ACM Shipping India Limited, a company (hereinafter referred to as “the Appellant”). It is engaged in the business of ship broking and arranges for transportation of cargo from India to other countries. The appellant is a subsidiary of ACM Shipping Lt...
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