M/S ROCKMAN CYCLES INDS. LTD. vs. COMMR. OF INCOME TAX, LDH. AND ANR.
The appeals are allowed and impugned orders are
ITA/244/2005HC Punjab & Haryana09 Feb 2023
Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA
Section 143Section 260Section 37
56,076/-. The appellant-company claimed
ITA Nos. 244, 281, 282, 283 & 630 of 2005 2023:PHHC:056092-DB
3
deducted under Section 37 of Act 1961 on account of expenditure of
Rs.61,38,000/- paid to M/s Mckinsey and Company Ltd for professional
serviced rendered by it. However, the Assessing Officer disallowed both the
claims of the assessee-Company
