Case Law Details
Case Name : KSS Limited (formerly known as K Sera Productions Ltd.) Vs PCIT (Bombay High Court)
Appeal Number : ITA No. 476 of 2016
Date of Judgement/Order : 26/11/2018
Related Assessment Year : 2009-10
Courts :
All High Courts Bombay High Court
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KSS Limited (formerly known as K Sera Productions Ltd.) Vs Pr. CIT (Bombay High Court)
Conclusion: Where the money was routed through AE by the assessee for the purpose of acquisition of distributorship, the back to back agreements, the contents thereof and most significantly, the fact that neither at the point of payment nor at the point of refund of money, AE retained the same for any significant period of time, the transaction did not result into diversion of income of assessee to its AE and did not give
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