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Principal of principle of netting applies if sufficient nexus exist between interest received & paid
Case Law Details
- Case Name
- Commissioner of Income Tax Vs UK Bose (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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HIGH COURT OF DELHI
Commissioner of Income-tax
Versus
UK Bose
IT Appeal Nos. 258, 546 & 942 of 2010
November 30, 2012
ORDER
R.V. Easwar, J.
The common question of law which arises in all the three appeals by the revenue relates to the assessment of the perquisites in the hands of the respective assessees. In ITA No.942/2010 the substantial question of law is as under:-
“(i) Whether the Income Tax Appellate Tribunal was correct in law in deleting the addition of Rs. 7,37,025/- made by the AO on account of perquisites u/s 28(v) of the Act?
2. In ITA No. 546/2010 the substantial q...
