COMMISSIONER OF INCOME TAX Vs. GLOBAL CAPITAL LIMITED
HIGH COURT OF DELHI
COMMISSIONER OF INCOME TAX DELHI-IV, NEW DELHI
GLOBAL CAPITAL LIMITED
Click here to view full judgement.
V.B.GUPTA, J. -
(2.) In the present appeal, Revenue has raised two issues for our
consideration. The first issue is as to whether the Income Tax Appellate
Tribunal (for short as 'Tribunal') rightly allowed deduction of Rs.10,92,750/-
to the Assessee on account of bad debts under Section 36(1)(vii) of the Income
Tax Act, 1961 (for short as 'Act').
(3.) The second issue is as to whether the Tribunal was correct in law in
allowing deduction of remuneration of Rs.4,52,833/- paid by the Assessee to
Shri. Neeraj Kanwar despite the fact that Assessee had not established rendering
of services by Shri. Neeraj Kanwar for the purposes of business of the Assessee company.;
Copyright © Regent Computronics Pvt.Ltd.