PRINCIPAL COMMISSIONER OF INCOME TAX-3, KOLKATA vs. M/S. EIH LTD
ITAT/39/2020HC Calcutta17 Jan 2022
Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA
Section 14ASection 194HSection 195Section 2Section 2(47)Section 260ASection 40Section 50BSection 9(1)
Section 50B of the Act cannot be made
applicable to the facts of the case on hand. We find that the
finding recorded by the Tribunal to be perfectly right. In fact,
the Tribunal rightly took note of the decision in the case of R.R.
Ramakrishna Pillai (supra) where it has been held as follows :
“A transaction by which
