Disallowance against Max on the revised basis of the rate of charging Lease Rental deleted

Disallowance against Max on the revised basis of the rate of charging Lease Rental deleted

IN THE INCOME TAX APPELLATE TRIBUNAL

The Relevant Text of the Order as follows : 17. The issue being settled in favour of the assessee on identical ground, thus needs to be allowed in favour of the assessee and we find no merit in the ground of appeal of the Revenue in this regard. It may be pointed out that the Revenue did not raise any issue before the Hon’ble High Court with regard to the second issue raised by the assessee. Consequently, this ground is also decided in favour of the assessee. 18. The issue raised in Assessment Years 2013-14 to 2015-16 are identical to the issue in Assessment Year 2012-13 and following the same parity of reasoning, our decision in Assessment Year 2012-13 would apply mutatis mutandis. 19. In the result, all appeals of the Revenue are dismissed.