ELDER IT SOLUTIONS P.LTD,MUMBAI vs. PR CIT 4, MUMBAI
In the result appeal of the assessee is allowed
ITA 2461/MUM/2015[2010-11]Status: DisposedITAT Mumbai16 Dec 2015AY 2010-11
For Appellant: Shri A.V.SondeFor Respondent: Manjunatha R.Swamy
Section 143(3)Section 263
property like motor car or equipment where there can be beneficial interest not in possession of claimant. The assessee has only right to recover Revenue
Share which will arise from year to year if dormant subscribers get activated and use connection. The Hon'ble Supreme Court in the case of Comm. of Commercial Taxes & Another v/s Vikas Sales Corporation
