High Court dismissed the appeal of the Revenue by holding that there was a finding by Tribunal, that no issue was raised by Commissioner in respect of particulars of payment made to persons specified under section 40A(2)(b) and even show cause notice was silent about that. SLP of Revenue is on account of delay and also on merits. (AY. 2009-10)
PCIT v. Universal Music India (P.) Ltd. (2023) 295 Taxman 232 (SC) Editorial: PCIT v. Universal Music India (P.) Ltd(2023) 155 taxmann.com 230 (Bom)(HC)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-disallowance of Fringe Benefit Tax (FBT)-Provision in respect of slow moving and obsolete inventories-Issue not raised in the show cause notice-High Court affirmed the order of the Tribunal-SLP of Revenue is dismissed. [S. 40A(2), Art. 136]