2019 (4) TMI 1807

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..... by the impugned Judgment, held that all these expenses were already recorded in the Assessee s books of accounts and that therefore the same should not be subject-matter of disallowance in assessment u/s 158BC of the Act. If the Assessing Officer wanted to disallow the same, he had to do the same in normal assessment. The Tribunal additionally examined evidence on record and came to the conclusio .....

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..... re presented for our consideration. (i) Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in directing the Assessing Officer to delete the undisclosed income determined by the Assessing Officer by disallowing commission payment to various parties holding that there was no seized material in the case of the assessee, ignoring the fact .....

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..... of section 158BB of the IT Act, 1961 ? 2. The Respondent Assessee is engaged in the shipping business. The Assessee was subject to assessment proceedings under Section 158BC of the Income Tax Act, 1961 ( the Act , for short). The Assessing Officer made several disallowances of various expenditures such as commission payment, transportation charges etc. The Tribunal, by the impug .....

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