2016 (11) TMI 1185

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..... MI 1027 - RAJASTHAN HIGH COURT] wherein held that the counter sale to the foreign tourists against convertible foreign exchange in India, is eligible for deduction under section 80HHC of the Income Tax Act. Review application - no substantial question of law framed by this court pertaining to 'bogus purchases'- Held that:- As already observed by us, while admitting the appeal this court conside .....

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..... NT While admitting D.B.Income Tax Appeal No.147/2009 following substantial question of law has been framed by the court vide order dt.21.03.2012:- Whether on the facts and circumstances of the case, the Tribunal was justified in allowing deduction u/S 80HHC to the assessee on counter sales of ₹ 7,69,23,227/- made to foreign tourists, ignoring the specific provisions of Explanation ( .....

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..... 0,066/- made by the assessee from various parties as genuine ignoring the fact that neither the seller was produced for examination nor the purchases was accepted by the seller nor the genuineness and creditworthiness of the transaction and sellers was proved? v) Whether the Tribunal was justified in upholding the deletion of addition of ₹ 1,57,201/- made on account of commission paid f .....

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