Trf Ltd vs Commnr. Of Income Tax on 9 February, 2010
The CIT(A) after having
examined facts of the case has followed the ratio laid down in the case of TRF Ltd.
vs CIT (supra) and has deleted the addition. The Revenue has not been able to show
any infirmity in findings of the CIT(A) on this issue. We find the CIT(A) in a well-
reasoned order has deleted the addition. Ergo, we see no reason to interfere with
findings of the CIT(A) on this issue, hence, the same are upheld.