Dismissing the appeal of the revenue the Court held that, revenue has not urged this issue of disallowance of expenses before the Tribunal, it cannot now be urged by the Revenue before us. This Court in CIT v. Mahalaxmi Glass Works Co(2009) 318 ITR 116 (Bom) (HC) held that if a concession is made before the Tribunal, then on that issue no substantial question of law arises. (AY. 2010-11)
PCIT v. Merck Ltd. (2020) 185 DTR 401 / 312 CTR 242/ 275 Taxman 181/ ( 2021 ) 434 ITR 596 (Bom.) (HC)
S. 260A : Appeal-High Court-Issue not contested cannot be agitated before the High Court. [S. 37(1)]