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Income on account of upfront appraisal fees is business income not FTS
Case Law Details
- Case Name
- Director of Income tax (International Taxation) Vs Commonwealth Development (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Bombay High Court
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HIGH COURT OF BOMBAY
Director of Income tax (International Taxation)
V/s.
Commonwealth Development
IT APPEAL NO. 1058 OF 2011
JULY 9, 2012
JUDGMENT
S.J. Vazifdar, J.
This is an appeal under section 260-A of the Income Tax Act, 1961, against the order of the Income Tax Appellate Tribunal dated 25th February, 2010, in respect of the assessment year 1998-99, dismissing the appellant’s Income-tax Appeal No. 1987/Mum/2006 and the respondent’s cross-objections.
2. The appeal is admitted on the following substantial question of law :
“Whether the ITAT erred in deleting the addition...
