Home › Income-Tax Act › PCIT v. Manishaben N. Mashru (2020) 117 taxmann.com 119 (Guj.)(HC) Editorial : SLP of revenue is dismissed due to low tax effect, PCIT v. Manishaben N. Mashru (2020) 272 Taxman 94 (SC)

PCIT v. Manishaben N. Mashru (2020) 117 taxmann.com 119 (Guj.)(HC) Editorial : SLP of revenue is dismissed due to low tax effect, PCIT v. Manishaben N. Mashru (2020) 272 Taxman 94 (SC)

S. 68 : Cash credits-Commission-Received through banking channels-Deletion of addition by Tribunal is held to be valid. [S. 260A]

Dismissing the appeal of the revenue the Court held that commission received from Airlines through banking channels cannot be assessed as cash credits.