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Income Tax Appellate Tribunal, DELHI BENCH “d”: NEW DELHI
Before: SHRI H.S.SIDHU & SHRI PRASHANT MAHARISHI
O R D E R PER PRASHANT MAHARISHI, A. M. 1. This is an appeal filed by the revenue against the order of the ld CIT (A)-6, New Delhi dated 27.05.2015 for the Assessment Year 2006-07. 2. The Revenue has raised the following grounds of appeal:- “1. Whether on the facts and circumstances of the case and in law, the lc CIT(A) erred in deleting the disallowance of Rs. 8998913/- made on account of excessive payment of remuneration to dealers.
2. That the order of the ld CIT(A) is erroneous and is not tenable on facts and in law.”
3. Brief facts of the case are that assessee is a company engaged in the business of vehicle insurance as corporate insurance agent of insurance company. It conducts its business through the extensive Maruti dealer network consisting of over 300 sales outlets and 400 dealer workshops spread all over the country. The assessee is 100% wholly owned subsidiary of Maruti Suzuki India Ltd and has tied up with national insurance company limited as they are licensed corporate insurance agent and is actively involved in insurance business. Pursuant to the order of the Hon’ble national company law tribunal dated 27/06/2017 this company is merged with Maruti Suzuki India Ltd w.e.f. 01/04/2016.