2016 (8) TMI 965

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..... dicated above. From the question it appears that the payment was made to a stranger, whereas from the findings recorded both by the CIT(A) and the learned Tribunal it appears that the payment was made to a del credere agent of the assessee for the services rendered by him. Mr.Sinha is unable to improve the situation. He, as a matter of fact, did not advance any submission in support of the ques .....

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..... the circumstances of the case the Learned Tribunal was justified in law to allow the non-business expenditure of ₹ 1,10,00,000/- claimed to have been given to a third party on oral understanding only. The facts and circumstances of the case briefly stated are as follows:- The assessing officer refused to allow an expenditure of a sum of ₹ 1.10 crores on the ground that there .....

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..... sum of ₹ 1,10,00,000/- was paid by the appellant M/s.Ganco SS Pvt. Ltd. For managing a turnover of 45,833 metric tonnes of the materials from more than 75 customers by A/c Payee cheque after deduction of TDS . He in that view of the matter allowed the deduction. In a futile appeal presented by the revenue the learned Tribunal was of the opinion that the coordination charges paid by t .....

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