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1 - 10 of 20 (0.26 seconds)Section 286 in The Income Tax Act, 1961 [Entire Act]
Section 92D in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income-Tax, Bombay vs Jubilee Mills Ltd., Bombay on 5 December, 1967
Thus, the Tribunal by relying on the Supreme Court judgment in the case of
CIT Vs. Jubilee Mills Ltd. and Raghuvanshi Mills Ltd. Vs. CIT, declared that
the test is not whether the AE and the assessee have actually acted in concert,
but whether circumstances are that human experience tells us that it can be
safely be taken that they must be acting together.
Section 144B in The Income Tax Act, 1961 [Entire Act]
Raghuvanshi Mills, Ltd vs Commissioner Of Income-Tax, Bombay on 7 December, 1960
25. By applying the ratio laid down in the above judicial pronouncements,
on verifying the material on record, we have no hesitation to hold that, the
assessee and AE have acted 'in concert' between the assessee and the AE's for
carrying out the AMP expenses.