D.C.I.T., CIRCLE-2, GWALIOR vs. M/S PREM MOTORS PVT LTD., GWALIOR
The appeals of the department are dismissed
ITA 327/AGR/2014[2010-11]Status: DisposedITAT Agra16 Nov 2017AY 2010-11
Section 2(22)(e)Section 22Section 40A(2)(b)
263. Subsequently, various other
High Courts have also approved the decision of Spl. Bench of ITAT as well as that of Rajasthan High Court.
ITA 322 & 327/Agra/2015
16
3.6.4 Hon’ble Delhi High Court in the case of M/s Ankitech Pvt. Ltd.
(ITA No. 462 of 2009) reported in 340 ITR 0014, held as follows: –
“24. The intention behind enacting
